Map pinMaple Grove, MN, US, Americas

Arbor Lakes Business Park III & IV - Maple Grove, MN

Arbor Lakes Business Park III & IV - Maple Grove, MN _Property for Sale

Attributes

Building area net
41,165 m²
Year built
2023
Occupancy
100%
WAULT
7.4 years
Clear height
9.75 m
Number of loading docks
49
Grade level doors
5
NOI
€3,513,000

Portfolio description

Deal Overview & Aerial Tour

https://www.youtube.com/watch?v=fpnMHHjt3cg


Jones Lang LaSalle (“JLL”), as exclusive advisor to the Owner, is pleased to present to investors the opportunity to acquire Arbor Lakes Business Park III & IV, a two (2) building portfolio totaling 443,098 square feet of Class A new industrial construction built to institutional quality; located in Maple Grove, MN.


This best-in-class portfolio presents a prime investment opportunity in the infill Northwest quadrant. Located minutes away from downtown Minneapolis, the Portfolio sits in the heart of the Northwest Interchange, a leading micro-market that has been the focus for industrial leasing and development for the past 20-years. The fully occupied assets offers a stable income stream with weighted annual escalations above 3.15%. Additionally, there is significant potential for value appreciation, as current rents are 25.0% below market rates; this figure is projected to rise to an impressive 36.1% upon cumulative lease expirations.


...

Investment Highlights

  • 100% Occupied Class A New Development in the Infill Northwest Interchange secured by long-term stable cash flows appreciating over 3.15% annually.
  • Consistent staggered future value-add opportunities through significant mark-to-market growth. In-place rents are 25% below market today, with a cumulative 36.1% mark-to-market captured upon cumulative expiration
  • Strong tenant roster anchored with a WALT of 7.4 years with no tenant occupying over 25% of the Portfolio's square footage
  • The Asset is well located in the infill Northwest quadrant within the 494/694 loop. The Northwest Quadrant has seen the highest activity for active tenants for the past 10-years accounting for over 35% of Q1's total leasing activity
  • Minneapolis is the 12th largest Industrial market in the U.S. bolstered by its consistently strong fundamentals and high concentration of Fortune 500 headquarters in the market.
  • Extremely low vacancy in growing Northwest submarkets, with the Northwest Interchange micromarket sitting at 3.4%.
  • The Offering includes a supplemental cash flow stream through a pay-as-you-go Tax Increment Financing Note (TIF Note) which enhances financing leverage and boosts upfront liquidity.
Arbor Lakes Business Park III & IV - Maple Grove, MN  4_Property for Sale
Arbor Lakes Business Park III & IV - Maple Grove, MN  4_Property for Sale
Arbor Lakes Business Park III & IV - Maple Grove, MN (2 Properties)
Arbor Lakes Business Park III & IV - Maple Grove, MN (2 Properties)

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Last updated
13 Nov 2024