212 West Business Center - Equity Raise
12280 Jonathan Carver Parkway, Chaska, MN, 55318, US
378,000 sf
Description
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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Attributes
Building area gross
52,317 sf
Occupancy
100%
Year built
1999
WAULT
1.5 years
Media
Investment highlights
- 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
Contact brokers
William Hill Business Center (0 Properties)
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Last updated
Jun 11, 2025
