Agents / Brokers
bob pounds   Report
 900 2nd Avenue South, Suite 1575, Minneapolis, MN
  License #: RA8246
  952 897-7752


As a Senior Vice President at Colliers International | Minneapolis-St. Paul, I am a part of a team that specializes in major investment transactions for single and multi-tenant retail, office and industrial properties. Our team has completed 280 transactions valued at $2 Billion USD..

I have been in the commercial real estate industry with Colliers for 30 years. Through the years, I have had the opportunity to work in a variety of roles that included leading the Property Management team where I was responsible for all business development. This role transitioned me into the brokerage world where I found my true passion for investment sales. Working in brokerage has allowed me the opportunity to work with great people and companies that have resulted in many friendships and strong relationships.

I take every assignment seriously and with integrity. Clients trust my work to be diligent and detailed. I take the time to foster relationships and get to know my clients, learning about their ultimate goals and finding solutions for their real estate needs that match their overall business strategies. I believe in always providing a high level of quality customer service and believe my strong portfolio of clients reflects that.


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Champlin Marketplace

PROPERTY SUMMARY Address: 11401 - 11468 Marketplace Drive N., Champlin, MN 55316 Current Occupancy: 98% Net Rentable Area: 91,970 SF Number of Buildings: 4 Parking Spaces: 471 Year Built/Renovated: 1997/2005/2016 FINANCIAL SUMMARY The Property is being offered without an asking price. Year One NOI: $1,173,786 INVESTMENT HIGHLIGHTS GROCERY ANCHORED Cub Foods, the market leading grocery supermarket operator, has occupancy rights through 2048. Cub Foods together with Cub Liquor comprise 74% of the Property’s total net rentable area thereby significantly mitigating tenant volatility. LIMITED GROCER COMPETITION The Cub Foods at Champlin Marketplace is the only full format grocery store within two (2) miles of the Property. STRONG OCCUPANCY At 98% occupancy, the Property provides an investor outstanding cash flow and long-term residual value. DURABLE RENT ROLL / DEPENDABLE CASH FLOW The Property was developed in 1998 and the multitenant outlot building was added in 2005. Seventy percent of the net rentable area is occupied by original tenants and the average annual rollover in the first eight (8) years is a low 3.03%. EASE OF MANAGEMENT Cub Foods is wholly responsible for their parcel including all repairs, CAM, insurance and taxes. GROWING MARKET Champlin is in Hennepin County, the State’s most populous county, and is a northern suburb approximately 18 miles north northwest of Minneapolis. Champlin experienced 9% growth since the 2000 census. FREE AND CLEAR OF EXISTING DEBT The Property is being offered free and clear of existing debt allowing investors to take advantage of plentiful capital and historically low interest rates. ATTRACTIVE DEMOGRAPHICS Within 3-miles of the Property there are 63,559 people with an average household income of $93,986. Within 1-mile the annual household income is $105,868.

For sale Call for price 91,970 sq ft

Park Place Plaza

PROPERTY INFORMATION Address: 1650 Park Place Blvd | 1620 Park Place Blvd | 5600-5680 Cedar Lake Rd | 5699 16th St W, St. Louis Park, MN 55416 Square Feet: 87,975 Occupancy: 100% FINANCIAL SUMMARY The Property is offered without an asking price and free and clear of existing debt. NOI: $1,957,771 INVESTMENT HIGHLIGHTS TRAFFIC GENERATORS Shadow anchored by market-leading Costco and Home Depot. EXCEPTIONAL DEMOGRAPHICS AHHI is $105,047 | Daytime Population is 140,330 | Population is 113,000 DESIRABLE RENT ROLL High historical occupancy | Weighted Average Lease Term of 7.24 years | 63% of NRA is original tenants (over 20 years) | 65% of tenancy is food and service uses INCOMPARABLE LOCATION AT WEST END Rapidly densifying live-work-play area | Approx. 1,500 multifamily units in the past five years | Strong office market - 3 million SF, low vacancy, high rents | Walkability to restaurants and entertainment 17% BELOW MARKET RENT Average current net rent is $23.00. POTENTIAL OUTPARCEL DEVELOPMENT A two-acre site is available for potential development. Click here to complete the Confidentiality Agreement Area Available: 87,975.00 Square Feet

For sale 87,975 sq ft