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Minnetonka Corporate Center - 5900-5950 Clearwater Drive

Off-Market

5900 Clearwater Drive, Minnetonka, MN 55343

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  • Property Type Industrial - Flex - Industrial
  • Property Size 94,561 Sqft
  • Lot Size 8.39 Acre
  • Parking Spaces Avail. 302
  • Parking Ratio 3.20/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1984

Location

  • City Minnetonka, MN
  • Neighborhood Glen Lake
  • Zip Code 55343
  • Market Minneapolis St Paul

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 25 Jun, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Minnetonka

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Minnetonka Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $31.68
  • 2020 Office Vacancy Rate 7.73%
  • 2020 Office Completions (Sqft)
View more Minnetonka market trends

Tax

  • Property Tax in 2020-2021 $272,739
  • Market Value $8,482,000
  • Assessed Value $8,482,000

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Minnetonka Corporate Center - 5900-5950 Clearwater Drive?

Minnetonka Corporate Center - 5900-5950 Clearwater Drive totals 94,561 square feet.

When was this property built?

Minnetonka Corporate Center - 5900-5950 Clearwater Drive was built in 1984.

When was Minnetonka Corporate Center - 5900-5950 Clearwater Drive last sold?

Minnetonka Corporate Center - 5900-5950 Clearwater Drive was last sold on 25 Jun, 2021.

What is the property tax for Minnetonka Corporate Center - 5900-5950 Clearwater Drive?

The property tax for Minnetonka Corporate Center - 5900-5950 Clearwater Drive in 2020-2021 was $272,739.

What is the market value for Minnetonka Corporate Center - 5900-5950 Clearwater Drive?

The market value for Minnetonka Corporate Center - 5900-5950 Clearwater Drive in 2020-2021 was $8,482,000.

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