Wabasha Flats Portfolio Sale FOR SALE


Saint Paul, MN - Concord-Robert
$11,050,000 USD
651-492-2201
, Saint Paul, MN for Sale
$11,050,000 USD
FOR SALE
1/11
null | 8.5% Cap Rate

Wabasha Flats Portfolio Sale
Saint Paul, MN
Concord-Robert


HIGHLIGHTS

  • 100% Occupied
  • 4.9 years of lease term remaining on average
  • 10 Units + Parking Lot Lease
  • Diversified portfolio with 4-story office, 1-story retail, and single tenant industrial

OVERVIEW

KW Commercial is pleased to present investors with the opportunity to acquire the Wabasha Flats Portfolio. This opportunity is comprised of three separate buildings, including a multi-tenant 4-story office building, a multi-tenant single-story retail building, and a single tenant industrial building. All of the buildings are fully leased. Over the last year, the current owner renewed 7 of the 11 leases on a long-term basis, which demonstrates the enduring stability of the assets. All three buildings are fully leased with annual rent escalations which makes this investment opportunity a great long-term hold. Financial Highlights: Price: $11,050,000 NOI: $939,459 (as of 12/31/2025) Cap Rate: 8.5% Price per Square Foot: $138.92/sf WALT: 4.9 Years remaining 100% Occupied Investment Notes: -Diversified portfolio comprised of a 4-story office building, a 1-story retail building, and a freestanding industrial building. -100% leased! -WALT: 4.9 years -Over $3 Million in building renovations in 2021, including improvements to the parking lot, tenant buildouts, and HVAC replacements. -The Wabasha buildings lie on over 5.62 acres, encompassing the length of an entire city block along the beautiful Mississippi river. Great potential for long-term redevelopment! -The properties are situated in West St. Paul, which is minutes from the State Capital building, the regional and international airport, and the entertainment hub of downtown St. Paul. -High Cap Rate and 100% occupancy provides excellent coupon, perfect for 1031 exchange!

ASK ABOUT THIS PROPERTY

Royce DurhmanKW CommercialMore Info
651-492-2201

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Royce DurhmanKW CommercialMore Info
651-492-2201

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