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  • For sale
Offices of Marsh Run - #1
Offices of Marsh Run - #2
Offices of Marsh Run - #3
Offices of Marsh Run - #4
Offices of Marsh Run - #5
Offices of Marsh Run - #6
Offices of Marsh Run - #7

The Offices of Marsh Run (Property) are located at 11900 and 11812 Wayzata Boulevard in Minnetonka, MN. The property consists of two, contiguous PID’s consisting of 5.51 acres and located in the NE quadrant of Wayzata Boulevard and Ridgedale Drive. The Property offer unmatched visibility from west-bound and east-bound traffic I-394. To the north of the property is a wetland and townhomes, to the west Ridgedale Drive, and east is The Birke Apartments (opened 2020). 


Redevelopment Profile:


This infill redevelopment site offers unparalleled visibility, convenient access to major thoroughfares, and immediate proximity to countless shopping and dining options. Surrounded by Wayzata, Plymouth, Eden Prairie, and Hopkins, the subject site is in the center of the fastest growing suburban node in the broader metro. The Property is being offered free and clear and has been owned long-term by a local family partnership. Ownership and Colliers has been strategically preparing to take this property to market for the past two years. All tenants are on short-term leases which will be expiring within the next twelve months or have landlord termination options in the event of a sale or redevelopment of the property.  


Building Profile:


The buildings were built in 1981 and 1984 respectively and have been operated as office buildings throughout this time housing small professional service businesses. The total square footage of both buildings is 41,130 square feet. Current occupancy is 72% with 34 tenants and an annual NOI of $207,000.