212 West Business Center - Equity Raise
12280 Jonathan Carver Parkway, Chaska, MN, 55318, US
35.117 m²
Beschreibung
JLL is pleased to present William Hill Business Center ("the Property") located at 735 Olive Street in St. Paul,MN. The Property is 100% leased and occupied by Capital Wood Products Company since April of 2016. Capital Wood Products is a known vacate and offers an investor a significant opportunity to right size the well-below market rents.
Strategically situated just minutes from the Minneapolis-St. Paul International Airport and downtown St. Paul, this 52,317 square foot property boasts immediate access to Interstate 35E. Located in the highly sought-after infill midway market, the asset presents compelling investment upside in an area characterized by low vacancy rates and strong demand. The property’s current in-place rent sits approximately 59% below market value, and combined with record-setting rent growth in the area, offers a significant value-add opportunity when the existing tenant’s lease expires.
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Eigenschaften
Gebäudefläche brutto
4.860 m²
Vermietungsstand
100 %
Baujahr
1999
WAULT / DRMV
1.5 Jahre
Medien
Investment-Highlights
- Premier infill location minutes from downtown St. Paul with above-national-average population growth
- Exceptional access to Minneapolis-St. Paul International Airport, St. Paul Airport, and Interstates 35E/94
- Record-setting industrial rent growth in the Twin Cities Market, averaging over 9% growth YoY since 2017
- Consistent low vacancy rates and high demand for industrial assets in Minnesota’s capital city
- Immediate value-add opportunity with in-place rents 59% below market
- Significant Discount to replacement cost, with the spread increasing as construction costs soar and available infill locations dry up
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William Hill Business Center (0 Objekte)
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Zuletzt aktualisiert
1. Juli 2025
