Laserfiche WebLink
FIGURES I MINNEAPOLIS OFFICE 1032021 <br />Investment Sales <br />Third-quarter office investment sales volume in the Minneapolis market —that <br />is, transactions excluding sales for redevelopment or occupancy —saw a 9.7% <br />decrease from Q2 to $130.5 million, bringing the 2021 YTD investment sales <br />volume to $452.7 million. The YTD volume represents a 19% improvement over <br />the total volume transacted during the first three quarters of 2020. <br />The quarter's largest transaction was the sale of the Metropoint Office <br />Portfolio to ABS Management for $63.5 million. CBRE represented the seller in <br />the sale of West Ridge to Altus Properties. <br />4 CBRE RESEARCH <br />FIGURE 7: Notable Minneapolis Office Investment Sales, Q3 2021 <br />Property <br />Location <br />Price Per <br />Buyer Sale Price ($) Size (Sq. Ft.) Sq. Ft. ($) <br />Metropoint Office Portfolio <br />Superior Office Center <br />West Ridge <br />St. Louis Park <br />Eden Prairie <br />St. Louis Park <br />ABS Management <br />Buhl Investors <br />Altus Properties <br />FIGURE 8: Minneapolis Office Investment Sales Volume, 2011 - 2021 <br />$2,500 <br />0 <br />2 <br />$2,000 <br />$1,500 <br />$1,000 <br />$500 <br />$o <br />63,500,000 <br />12,000,000 <br />11,400,000 <br />541,000 <br />93,000 <br />64,118 <br />�o^ d^� �o^°�o^° tio^ �° d° Doti° tioti^ <br />Source: Real Capital Analytics <br />Rolling 4-Quarter Volume ■ Quarterly Volume <br />117 <br />129 <br />178 <br />© 2021 CBRE, INC. <br />