Mid-Continent Engineering Sale Leaseback
405 35th Avenue Northeast, Minneapolis, MN, 55418, US
12 906 mètres carrés
Description de l'actif
Jones Lang LaSalle (“JLL”), as exclusive advisor to the Owner, is pleased to present to investors the opportunity to acquire Gateway Business Center located in Roseville, MN.
Gateway Business Center is a premier light industrial asset totaling 48,884 square feet in most coveted industrial submarket, Northeast Minneapolis. The asset is currently 100% leased to five (5) tenants providing investors with durable cash returns, an attractive 4.0 year weighted average lease term (WALT), a phenomenal suburban location, and positive leasing momentum.
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Attributs
Superficie du bâtiment nette
4 541 mètres carrés
Occupation
100 %
Année de construction
1992
Superficie du terrain brute
2,06 ha
VALSE
4 années
Locataires
5
Hauteur claire
5,18 m
Média
Points forts de l'investissement
- Prime Location: Gateway Business Center is located within the coveted Central 35W Micro-market, which boasts a vacancy rate of just 1.8% indicating a strong demand for space in this area.
- Strong Occupancy and Stable Cash Flow: The property is 100% leased to five high-quality tenants with an average tenure of 10 years, providing investors with durable cash returns.
- Attractive Lease Term: The property has a weighted average lease term (WALT) of 4.0 years, offering a balance of stable income and potential for near-term value creation.
- Mark-to-Market Opportunity: Most tenants are currently paying below-market rents, presenting significant upside potential for future cash flow growth. The weighted average mark-to-market for the entire property is positive.
- Strong Market Fundamentals: The Twin Cities industrial market demonstrates robust performance, with strong leasing activity and declining vacancy rates.
- Excellent Connectivity: The property offers efficient access throughout the metro via multiple interstates and highway systems, including Interstate 35W, and Highways 51 and 36.
- Last-Mile Location: Gateway Business Center is only 7 miles from the Minneapolis CBD and 10 miles from St. Paul CBD, offering an excellent infill, last-mile location with abundant nearby amenities.
Contactez les courtiers
Gateway Business Center (0 Propriétés)
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Dernière mise à jour
11 avr. 2025
