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