8.75% Cap Government Anchored Office Towers
200 S Lamar St, Jackson, MS, 39201
€ 6.282.000 | 24.798 vierkante meter
Beschrijving
JLL presents the exciting opportunity to acquire the 100% fee simple interest in The Lex, (“the Property” or “Opportunity”), a 124,925 square foot, premier office property located at 4100 Lexington Avenue North in Shoreview, MN.
The asset boasts incredible access to both Fortune 500 heavy Minneapolis and St. Paul CBD’s, a number of Shoreview business headquarter campuses, and the Minneapolis-St. Paul International Airport. Vehicular and freight access to the property is robust, as the building sits just miles from major arteries of travel, I-35, I-694.
Five million dollars of capital has been invested into the property. The renovation boasts beautifully upgraded landscaping, new expanded windows, an updated parking lot, modern communal spaces, and amenities including a bike room, coffee machine, and fireplace lobby.
This offering represents the opportunity to acquire a fully occupied asset with high quality tenants and 8.1 years of WALT featuring durable in-place cash flows.
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Kenmerken
Netto gebouwoppervlakte
11.606 vierkante meter
Bezettingspercentage
100%
WALT
8.1 jaren
Renovatiejaar
2023
Media
Investeringskenmerken
- Strong Financial Foundation • 94% occupied, 125k SF office property generating stable cash flow • 8.1-year weighted average lease term providing long-term income security • Substantial TIF benefits enhancing returns through 2047
- Quality Tenant Base • 48% occupied by investment-grade tenants • Strong credit profile with national corporate tenants • $18.6M in contractual rent providing predictable income stream
- Recent Capital Improvements • $5M renovation completed in 2023 including modernized lobby, expanded windows, and enhanced amenities • Fully funded recent lease expansions requiring no additional owner investment • Strategic property improvements positioning asset for continued tenant demand
- Value-Add Opportunity • Below-market rents at $15.46 PSF vs. market average of $20.55 PSF • Well-staggered lease schedule with minimal near-term rollover risk • Only 28% of leases expiring through 2028
- Prime Location • Located in Twin Cities' best-performing office submarket • 15 minutes from Minneapolis and St. Paul CBDs • Part of integrated mixed-use campus with adjacent luxury residential • Abundant parking with 453 spaces (3.6 per 1,000 SF)
Contact adviseurs
The Lex (0 Eigendommen)
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Laatst bijgewerkt
2 feb 2026
