3236 California
3236 California Street Northeast, Minneapolis, MN, 55418, US
8.232 m²
Objektbeschreibung
JLL, as exclusive advisor to the Owner, is pleased to present to investors the opportunity to acquire 63 St. Anthony Parkway, a premier light industrial asset totaling 152,468 square feet in most coveted industrial submarket, Northeast Minneapolis. The asset is currently 100% leased to three tenants providing investors with durable cash returns, an attractive 7.3 year weighted average lease term (WALT), a phenomenal infill location, positive leasing momentum and highly demanded outdoor storage. The asset contains four (4) acres of leased outdoor storage, with 2.5% and 4% annual escalations.
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Eigenschaften
Gebäudefläche netto
14.165 m²
Vermietungsstand
100 %
Baujahr
1955
Lichte Höhe
6,71 m
Pächter
3
WALT
7.3 Jahre
Anzahl der Laderampen
10
Medien
Investment-Highlights
- Located in the coveted Northeast submarket boasting the lowest vacancy (3.4%) in the entire Twin Cities marketplace.
- Located in the I-494 loop providing efficient access throughout the metro via multiple interstates and highway systems including I-494, I-694, and I-35W.
- Excellent infill, last mile location. Only 3.5 miles from the Minneapolis CBD and 10 miles from St. Paul CBD offering an abundance of nearby amenities and attractions.
- Phenomenal leasing momentum with 152,468 square feet of new lease transactions over the last 4 months with an 7.3 year WALT 4 acres of highly demanded outdoor storage and land for excess trailer parking.
- Provides $185,005 in revenue annually between the two IOS-only tenants, allowing future investors to capitalize on the increasing demand for infill outdoor storage.
- Robust Twin Cities market fundamentals with an abundance of nearby top employers and Fortune 500 companies.
Makler kontaktieren
63 St. Anthony (0 Objekte)
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Zuletzt aktualisiert
11. Dez. 2024
