Mid-Continent Engineering Sale Leaseback_待售物业
Mid-Continent Engineering Sale Leaseback_待售物业
405 35th Avenue Northeast, Minneapolis, MN, 55418, US

Mid-Continent Engineering Sale Leaseback

资产描述

JLL is pleased to present to investors the opportunity to acquire Mid-Continent Engineering (MCE), a 138,920 square foot, single-tenant investment opportunity featuring Mid-Continent Engineering, a well-established company with 75 years of business, in a prime Northeast Minneapolis industrial park. The property is offered as a 12-year sale-leaseback with below market rents, providing stable, long-term cash flow. Its excellent accessibility via I-94 and I-35W, coupled with proximity to downtown Minneapolis, enhances its strategic value. The area boasts strong demographics, supporting the property's long-term potential. Mid Continent Engineering's commitment to the location, demonstrated by the extended lease term, underscores the investment's stability. This offering combines the security of a reputable tenant, the advantages of a prime location, and the potential for value appreciation, making it an attractive proposition for investors seeking a reliable income stream in a thriving Minneapolis submarket.

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属性

建筑净面积
12,906 平方米
土地总面积
2.93 公顷
剩余租赁期
12 年剩余租期
占用率
100%
租赁类型
绝对三重净值
建成年份
1957

媒体

投资亮点

Prime Location: The property is strategically positioned just four miles north of Downtown Minneapolis in a highly sough-after infill industrial park.


Stable Income Stream: The manufacturing facility boasts full occupancy with a secure 12-year remaining lease term and 4% annual increases.


Anchor Tenant: Mid Continent Engineering, a leader with a 75-year operational track record, serves as the anchor tenant and will continue as the lessee post-transaction.


High Demand and Low Vacancy: The Northeast Minneapolis submarket benefits from extremely low vacancy rates.


Affordability: The asset is priced substantially below replacement cost, offering significant initial savings and enhanced return potential for investors.

Mid-Continent Engineering Sale Leaseback 4_待售物业
Mid-Continent Engineering Sale Leaseback 4_待售物业

联系经纪人

Mid-Continent Engineering Sale Leaseback (0个物业)
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最后更新
2024年11月20日