TractorWorks Building_Propriété à vendre
TractorWorks Building_Propriété à vendre

TractorWorks Building

800 Washington Ave N, Minneapolis, MN, 55401-1330, US

Description de l'actif

Jones Lang LaSalle Americas, Inc. ("JLL"), as the exclusive advisor, proudly presents the opportunity to acquire the 100% fee simple interest in TractorWorks (the "Property" or "Opportunity"), a revitalized, 9-story, creative office building totaling 372,205 RSF in the highly sought-out North Loop district. TractorWorks benefits from superior connectivity and accessibility given its prime North Loop location that puts it just off of I-94 and 6 blocks away from Target Field Rail Station.


At 59% leased with 4.3 years of remaining average lease term (“WALT”), the Property provides an investor with the opportunity to acquire a premier office asset at a substantial discount to replacement cost and substantially increase NOI through the lease up of 160,000 RSF. With 640 parking stalls in an area known for a lack of parking, there is an opportunity to significantly increase parking revenue. With over $21 million of capital invested since 2014, ownership has meticulously maintained and transformed the Property. Paired with its dynamic North Loop location, TractorWorks offers investors the exceptionally rare opportunity to create value through lease up. All inquiries regarding this value-add creative office asset should be directed to JLL.

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Attributs

Superficie locative
32 450 mètres carrés
Zonage
DT2 - Downtown Destination District
Nombre d'étages
9
VALSE
4.3 années
Places de parking
640

Média

Points forts de l'investissement

  • CHECKS ALL THE BOXES FOR AN EXECUTABLE VALUE-ADD OPPORTUNITY


  • HIGHLY-AMENITIZED CREATIVE OFFICE


  • CONNECTIVITY TO SURROUNDING DYNAMIC NORTH LOOP DISTRICT & BUSTLING DOWNTOWN MINNEAPOLIS


  • AMENITY-RICH LOCATION: THE NORTH LOOP


  • HISTORIC ASSET IN THE HEART OF NORTH LOOP


  • INCREDIBLE BASIS AT A SUBSTANTIAL DISCOUNT TO REPLACEMENT COST
TractorWorks Building 4_Propriété à vendre
TractorWorks Building 4_Propriété à vendre

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TractorWorks Building (0 Propriétés)

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Dernière mise à jour
27 mars 2025