Neogen STNL Industrial Life Science Offering - Twin Cities, MN

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.