Log In/Sign Up
Your email has been sent.
8 Pine Tree Dr
Arden Hills, MN 55112
Northpark Corporate Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Diverse, Stable Rent Roll with Durable In-Place Cash Flow and 4.8 Years WALT
- Robust Leasing Momentum: 90% of NRA Since Acquisition in 2020
- Great Accessibility & Connectivity via Highway 51 and Interstate 694
- $4.5+ Million in Recent Capital Investments
- Fundamentally Sound Suburban St. Paul Office Submarket with Strong Corporate Presence
- High Cap Rate Deal Provides Excellent Coupon and Opportunity to Exit into Improved Capital Marketplace
EXECUTIVE SUMMARY
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 Executive Summary and to submit the Principal Confidentiality Agreement, visit: https://www.cbredealflow.com/handler/modern.aspx?pv=kGU7X1qu9crx8WrPZg8zPLDTIFTgsapsk4pM-InOh2fLwYYnby1QiPvEihLnjMsaXmDhV-fQxSBLqpfe1QvbNA
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
97,765 SF
Building Class
B
Year Built
1999
Percent Leased
99%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
32,588 SF
Slab To Slab
12’
Building FAR
0.38
Lot Size
5.92 AC
Zoning
B-2
Parking
500 Spaces (5.11 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Commuter Rail
- Food Service
- Security System
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,368,100 | |
| Land Assessment | $2,843,900 | Total Assessment | $6,212,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,843,900
Improvements Assessment
$3,368,100
Total Assessment
$6,212,000
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
