William Hill Business Center_Imóvel à venda

735 Olive St, Saint Paul, MN, 55130-4436, US

William Hill Business Center

Descrição

JLL is pleased to present William Hill Business Center ("the Property") located at 735 Olive Street in St. Paul,MN. The Property is 100% leased and occupied by Capital Wood Products Company since April of 2016. Capital Wood Products is a known vacate and offers an investor a significant opportunity to right size the well-below market rents.

Strategically situated just minutes from the Minneapolis-St. Paul International Airport and downtown St. Paul, this 52,317 square foot property boasts immediate access to Interstate 35E. Located in the highly sought-after infill midway market, the asset presents compelling investment upside in an area characterized by low vacancy rates and strong demand. The property’s current in-place rent sits approximately 59% below market value, and combined with record-setting rent growth in the area, offers a significant value-add opportunity when the existing tenant’s lease expires.

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Atributos

Área de construção bruta

4.860 m²

Ocupação

100%

Ano de construção

1999

WAULT

1.5 anos

Mídia

Destaques do investimento

Premier infill location minutes from downtown St. Paul with above-national-average population growth
Exceptional access to Minneapolis-St. Paul International Airport, St. Paul Airport, and Interstates 35E/94
Record-setting industrial rent growth in the Twin Cities Market, averaging over 9% growth YoY since 2017
Consistent low vacancy rates and high demand for industrial assets in Minnesota’s capital city
Immediate value-add opportunity with in-place rents 59% below market
Significant Discount to replacement cost, with the spread increasing as construction costs soar and available infill locations dry up