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2800 Mount Ridge Rd
Roseville, MN 55113
Cibus · Office Property For Sale


Investment Highlights
- Absolute NNN Lease - Zero Landlord Responsibilities
- State-of-the-Art Facility in place I/O at 3.61% through 2029
- 5 Minutes to Downtown Minneapolis, 8 Minutes to Downtown St. Paul
- Corporate Guarantee – Cellectis S.A. (NASDAQ: CLLS)
- 2018 Class-A Construction on 11-Acre Corporate Campus Located Within 280-Acre Master-Planned Mixed-Use Redevelopment
- Strong 5-Mile Demographics – 285,584 Residents and 238,011 Daytime Employees
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
44,454 SF
Building Class
B
Year Built
2018
Price
$25,325,999 CAD
Price Per SF
$569.71 CAD
Cap Rate
8.22%
NOI
$2,081,797 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
22,272 SF
Building FAR
0.10
Lot Size
10.73 AC
Zoning
C - Commercial
Parking
93 Spaces (2.09 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,070,213 CAD | |
| Land Assessment | $6,411,960 CAD | Total Assessment | $12,482,172 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$6,411,960 CAD
Improvements Assessment
$6,070,213 CAD
Total Assessment
$12,482,172 CAD
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