63 St. Anthony
63 Saint Anthony Parkway, Minneapolis, MN, 55418, US
14 165 mètres carrés
Description du portefeuille
Aerial Tour & Portfolio Highlights
Jones Lang LaSalle, Inc. ("JLL.) has been exclusively retained to market for sale the North Star Distribution Portfolio (the "Portfolio" or "Properties") - Six (6) last mile, distribution centers located within the highly desirable 494/694 infill loop across three cities, Eagan, Champlin, and Plymouth in the Twin Cities Metroplex.
The 745,702 square foot Portfolio is currently 96% occupied and totals six (6) buildings within infill micro-markets; the Northwest Interchange, Airport Southeast, and Plymouth West Corridor where vacancy is sitting tight, ranging from 2.2% to 3.9%. These highly desirable properties offer a variety of suite sizes catering to a diverse tenant pool within the Twin Cities' market. Spaces range from approximately 14,842 square feet to 221,750 square feet with an average office buildout of 14.9%, clear heights of 24' to 26', and ample dock- high loading. The Portfolio's rent roll offers 3.7 years of weighted average remaining lease term (WALT) with in-place rents that are 27.8% below market.
The Portfolio also provides a diversified investment spread across the Twin Cities with ample access to major highways while capturing strong demographic fundamentals from a customer and labor perspective. Located minutes away from I-94, I-494, and I-35E, the Portfolio is ideally located to provide last mile services with access to major transportation corridors.
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Attributs
Classe du bâtiment
A
Superficie du bâtiment nette
69 278 mètres carrés
Occupation
95,7 %
WAULT
3.7 années
Année de construction
1997
North Star Distribution Portfolio (6 Propriétés)
North Star Distribution Portfolio (6 Propriétés)
Média
Points forts de l'investissement
- Exceptional Mark-to-Market Opportunity: Portfolio offers a substantial 27.8% upside potential, positioning for strong future returns
- Strategic Twin Cities Footprint: 745,702 SF portfolio comprising 6 infill-located Class A distribution assets in the metro's top-performing micro-markets
- Prime Logistical Advantage: Strategically positioned with superior access to major transportation arteries and key business hubs, enhancing tenant appeal and operational efficiency
- Strong Occupancy with Quality Tenant Base: 95% occupied by a diverse mix of 15 tenants, including investment-grade companies, ensuring stable income streams
- Balanced Lease Profile: WALT of 3.7 years offers a blend of near-term upside potential and long-term stability across single and multi-tenant properties
- Rare Market Entry Opportunity: Only six multi-building parks exceeding 725K SF have traded in the Twin Cities since 2021, underscoring the scarcity of large-scale investment opportunities in this high-growth market
- Versatile Property Mix: Diverse range of building sizes from 81,329 to 221,750 SF, catering to various tenant needs and risk profiles
Contactez les courtiers
JLL peut vous aider à financer et à gérer votre portefeuille. Envoyez-nous un courriel aujourd'hui pour voir comment nous pouvons vous aider à réaliser vos ambitions.
Dernière mise à jour
22 janv. 2025
