587 Settlers Ridge Parkway, Woodbury, MN, 55129, US

Eastridge Business Center

자산 설명

Jones Lang LaSalle ("JLL"), as exclusive advisor to the Owner, is pleased to present to investors the opportunity to acquire Eastridge Business Center, an exceptional investment opportunity in Woodbury's thriving industrial market. This brand-new, Class A multi-tenant industrial facility offers 179,762 square feet of prime low-finish space, developed by a best-in-class developer renowned for delivering high-quality assets.

Eastridge Business Center represents a rare opportunity to acquire a newly constructed, partially leased industrial asset in one of the most sought-after submarkets. With its strategic location, quality construction, and the area's robust economic indicators, this property is well-positioned for strong, stable returns and long-term appreciation.

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개요

건물 면적 순

16,700 제곱미터

거주자

점유율

59%

월트

10 년

건축년도

2023

건물 등급

클리어 높이

8.53 m

토지 총면적

4.86 헥타르

미디어

투자 하이라이트

Facility is currently 59% occupied with two tenants providing a stable income stream with significant upside potential through lease-up of remaining vacancy
In place lease agreements include annual rent escalations of at least 3.5%
WALT of 10 years, providing investors exceptional income security
Part of broader Minneapolis - Saint Paul industrial market, which saw 3.2M SF of net absorption in 2024
Constructed by a top-tier developer, ensuring premium build quality and long-term asset performance
Located in one of Minnesota's fastest-growing cities with 25% population growth in the past decade