952-924-4600
8 Pine Tree Dr, Arden Hills, MN for Sale
Office - FOR SALE
1/14
null | Request Cap Rate

NEW


8 Pine Tree Dr
Arden Hills, MN 55112


HIGHLIGHTS

  • Diverse, Stable Rent Roll with Durable In-Place Cash Flow and 4.8 Years WALT
  • $4.5+ Million in Recent Capital Investments
  • Robust Leasing Momentum: 90% of NRA Since Acquisition in 2020
  • Fundamentally Sound Suburban St. Paul Office Submarket with Strong Corporate Presence
  • Great Accessibility & Connectivity via Highway 51 and Interstate 694
  • High Cap Rate Deal Provides Excellent Coupon and Opportunity to Exit into Improved Capital Marketplace

OVERVIEW

CBRE is pleased to present qualified investors with the opportunity to acquire NorthPark 6 & 8 located in the sought after Minneapolis suburb of Arden Hills, MN. The well-located, 97,765 square foot campus consists of two boutique office assets that are currently 97% occupied. NorthPark 6 & 8 has completed 87,930 square feet of new and renewal leasing activity since August 2020 resulting in an impressive 4.8 years weighted average remaining lease term. This opportunity offers investors a durable in-place cash flow coupled with the ability to significantly increase NOI through the lease-up of existing vacancy, mark-to-market rent increase, and capitalizing on a strong corporate presence. For Executive Summary and to submit the Principal Confidentiality Agreement, visit: https://www.cbredealflow.com/handler/modern.aspx?pv=kGU7X1qu9crx8WrPZg8zPLDTIFTgsapsk4pM-InOh2fLwYYnby1QiPvEihLnjMsaXmDhV-fQxSBLqpfe1QvbNA

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Northpark Corporate Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

LAND ACRES

5.92 AC

LAND SF

257,875 SF

ZONING

B-2

APN/PARCEL ID

34-30-23-11-0023,34-30-23-11-0024

ASK ABOUT THIS PROPERTY

952-924-4600

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

952-924-4600

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