2800 Mount Ridge Rd - Office FOR SALE


Roseville, MN 55113
$18,000,000 USD
510-388-4438
2800 Mount Ridge Rd, Roseville, MN for Sale
$18,000,000 USD
Office - FOR SALE
1/22
null | 8.22% Cap Rate

2800 Mount Ridge Rd
Roseville, MN 55113


HIGHLIGHTS

  • Absolute NNN Lease - Zero Landlord Responsibilities
  • Corporate Guarantee – Cellectis S.A. (NASDAQ: CLLS)
  • State-of-the-Art Facility in place I/O at 3.61% through 2029
  • 2018 Class-A Construction on 11-Acre Corporate Campus Located Within 280-Acre Master-Planned Mixed-Use Redevelopment
  • 5 Minutes to Downtown Minneapolis, 8 Minutes to Downtown St. Paul
  • Strong 5-Mile Demographics – 285,584 Residents and 238,011 Daytime Employees

OVERVIEW

The Kase Group is pleased to present a rare opportunity to acquire a state-of-the-art facility in Roseville, Minnesota. The property is secured by an 11+ year absolute NNN lease, offering zero landlord responsibilities and long-term stability. The lease is corporately guaranteed by Cyellectis S.A., a publicly traded French pharmaceutical company (NASDAQ: CLLS), and features 7.5% rent increases every five years, along with four additional five-year renewal options. Completed in 2018, the property is a Class A facility situated on an 11-acre corporate campus. It includes advanced laboratory and research space, a test kitchen, greenhouse, and outdoor demonstration plots, making it a mission-critical location for Cibus, a leader in precision gene editing for agriculture. The property is conveniently located just five minutes from Downtown Minneapolis and eight minutes from Downtown St. Paul, with immediate access to I-35W, which carries more than 139,000 vehicles per day. The property is part of a 280-acre master-planned redevelopment featuring high-density residential, Class A office and industrial space, retail, and hospitality. It is supported by strong demographics, including more than 285,000 residents within a five-mile radius and a daytime population of over 238,000 employees. Average household income exceeds $99,000 within one mile. Nearby, Rosedale Center attracts more than 14 million visitors annually following a $100 million renovation. The area also offers a wide variety of restaurants, hotels, entertainment options, and outdoor recreation at Langton Park.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$367 USD /SF

CAP RATE

8.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cibus

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

10.73 AC

LAND SF

467,399 SF

ZONING

C

APN/PARCEL ID

04-29-23-32-0014,04-29-23-32-0015

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.