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Buy versus Lease
Office Condos are attractive because they allow smaller companies to invest in real estate and build equity in a property instead of shelling out capital for a lease. It also allows them to have more control over their space planning needs.
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Our past projects and the appreciation that some our customers experienced.
| Project Name |
Start |
End |
# of |
SQ |
Sale |
Current |
Increase |
| Location |
Date |
Date |
Units |
Feet |
Price |
Value |
Percent |
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| Hamline Park Plaza |
8/1/1997 |
6/1/1999 |
16 |
1,920 |
150,000 |
225,000 |
50% |
| Roseville, MN |
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| Tanglewood |
4/1/1999 |
12/1/1999 |
6 |
2,240 |
169,000 |
240,000 |
42.01% |
| Shoreview, MN |
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2,688 |
260,000 |
260,000 |
47.73% |
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| Blacktern |
10/1/1999 |
9/1/2000 |
17 |
2,240 |
185,000 |
300,000 |
62.16% |
| Little Canada, MN |
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2,464 |
190,000 |
320,000 |
68.42% |
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2,688 |
203,000 |
350,000 |
72.41% |
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| Cliff Cove |
8/1/2000 |
3/2/2002 |
16 |
1,332 |
178,000 |
230,000 |
29.21% |
| Burnsville, MN |
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2,464 |
228,000 |
260,000 |
14.04% |
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2,688 |
203,000 |
350,000 |
72.41% |
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| Blackberry |
10/1/2000 |
4/1/2003 |
31 |
2,240 |
228,000 |
280,000 |
22.81% |
| Inver Grove Heights, MN |
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2,464 |
238,000 |
300,000 |
26.05% |
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2,688 |
250,000 |
340,000 |
36.00% |
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| Forestview |
11/1/2000 |
8/1/2002 |
16 |
1,232 |
176,000 |
240,000 |
36.36% |
| Maple Grove, MN |
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2,464 |
234,000 |
340,000 |
45.30% |
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2,688 |
246,000 |
370,000 |
50.41% |
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| Aztec |
6/1/2001 |
4/1/2002 |
24 |
2,464 |
194,000 |
250,000 |
28.87% |
| Eden Prairie, MN |
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2,688 |
284,000 |
340,000 |
19.72% |
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305,000 |
370,000 |
21.31% |
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| Fernbrook |
6/1/2001 |
1/1/2003 |
18 |
2,464 |
288,000 |
350,000 |
21.53% |
| Plymouth, MN |
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2,688 |
302,000 |
375,000 |
24.17% |
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| Heights Plaza |
2/1/2003 |
11/1/2003 |
6 |
2,464 |
315,000 |
375,000 |
19.05% |
| Vadnais Heights, MN |
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| Annapolis |
10/1/2003 |
11/1/2004 |
18 |
2,816 |
341,000 |
400,000 |
17.30% |
| Plymouth, MN |
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3,072 |
366,000 |
450,000 |
22.95% |
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| Overton |
3/1/2004 |
2/1/2005 |
5 |
2,816 |
342,000 |
420,000 |
22.81% |
| Vadnais Heights, MN |
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3,072 |
366,000 |
450,000 |
22.95% |
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| Meadows |
3/1/2004 |
OPEN |
12 |
1,536 |
220,000 |
250,000 |
13.64% |
| Sartell, MN |
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2,464 |
330,000 |
350,000 |
6.06% |
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3,072 |
370,000 |
400,000 |
8.11% |
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| Evergreen |
1/1/2005 |
OPEN |
18 |
2,816 |
378,000 |
N/A |
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| Sioux Falls, SD |
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3,072 |
378,000 |
N/A |
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