63 Saint Anthony Parkway, Minneapolis, MN, 55418, US

63 St. Anthony

Descripción del activo

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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Atributos

Área de construcción neta

14.165 m²

Ocupación

100 %

Año de construcción

1955

Altura libre

6,71 m

Inquilinos

WALT

7.3 años

Muelles de carga

Medios

Aspectos destacados de la inversión

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.