Map pin6744 33rd St N, Oakdale, MN, 55128-3623, US

Neogen STNL Industrial Life Science Offering - Twin Cities, MN

Neogen STNL Industrial Life Science Offering - Twin Cities, MN_판매용 부동산

개요

건물 면적 순
4,249 제곱미터
점유율
100%
거주자
1
건축년도
1997
리노베이션 년도
2024
월트
14.4 년

자산 설명

Jones Lang LaSalle ("JLL"), as exclusive advisor to the Owner, is pleased to present to investors the opportunity to acquire the Neogen STNL Life Science Facility (the "Property"), a single credit tenant industrial asset recently renovated in 2024 that totals 45,740 square feet of prime industrial real estate located in Oakdale, MN.


Located in the infill 494 / 694 interstate loop of the Twin Cities MSA, the Neogen STNL Facility is an opportunity to acquire a mission-critical life science asset with an institutional quality tenant. The Property features modern finishes, major tenant-funded renovations, and an industry-leading tenant with a long-term in-place lease and a high likelihood for a lease renewal, assuring stable cashflows and returns to investors. This asset is ideally positioned as a highly desirable Life Science product within the northeast submarket and presents a considerable discount to replacement cost.


The offering is 100% occupied by Neogen, a publically traded ("NEOG") global animal and food safety company with over 40+ years of operating history. Recently acquiring 3M's Food Safety Corporation in September 2022, Neogen has continued its broad global growth in over 60 countries across the world.

...

투자 하이라이트

  • 100% Occupied in a 2024 renovated industrial facility located in the Infill Northeast submarket secured by long term stable cash flows
  • Neogen has invested significant capital into the Property totaling over $10M for a complete renovation in 2024
  • The Asset is well located in the infill Northeast quadrant within the 494/694 loop.
  • Mission-critical site operating as 3M Food Safety’s and now Neogen’s producer of food safety testing products
  • The Northeast submarket is critically under-supplied as Tenant Demand outpaces new speculative construction by nearly 4x
  • Life Science net absorption has averaged over 1M SF annually since 2019
  • Neogen celebrated the 2024 fiscal year with its 33rd consecutive year in reported revenue increases.
  • The asset has received an ISO 9001:2015 certificate allowing for design, development, and microbiological testing for Food and Beverage industries


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