952-924-4600
, Arden Hills, MN for Sale
Office - FOR SALE
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Northpark 6 & 8
Arden Hills, MN


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

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952-924-4600

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952-924-4600

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