Gateway Business Center_Property for Sale

2100-2140 West County Road C, Roseville, MN, 55113, US

Gateway Business Center

Asset Description

Jones Lang LaSalle (“JLL”), as exclusive advisor to the Owner, is pleased to present to investors the opportunity to acquire Gateway Business Center located in Roseville, MN.

Gateway Business Center is a premier light industrial asset totaling 48,884 square feet in most coveted industrial submarket, Northeast Minneapolis. The asset is currently 100% leased to five (5) tenants providing investors with durable cash returns, an attractive 4.0 year weighted average lease term (WALT), a phenomenal suburban location, and positive leasing momentum.

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Attributes

Building area net

4,541 m²

Occupancy

100%

Year built

1992

Land area gross

2.06 ha

WALT

4 years

Tenants

Clear height

5.18 m

Media

Investment Highlights

Prime Location: Gateway Business Center is located within the coveted Central 35W Micro-market, which boasts a vacancy rate of just 1.8% indicating a strong demand for space in this area.
Strong Occupancy and Stable Cash Flow: The property is 100% leased to five high-quality tenants with an average tenure of 10 years, providing investors with durable cash returns.
Attractive Lease Term: The property has a weighted average lease term (WALT) of 4.0 years, offering a balance of stable income and potential for near-term value creation.
Mark-to-Market Opportunity: Most tenants are currently paying below-market rents, presenting significant upside potential for future cash flow growth. The weighted average mark-to-market for the entire property is positive.
Strong Market Fundamentals: The Twin Cities industrial market demonstrates robust performance, with strong leasing activity and declining vacancy rates.
Excellent Connectivity: The property offers efficient access throughout the metro via multiple interstates and highway systems, including Interstate 35W, and Highways 51 and 36.
Last-Mile Location: Gateway Business Center is only 7 miles from the Minneapolis CBD and 10 miles from St. Paul CBD, offering an excellent infill, last-mile location with abundant nearby amenities.