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Northpark 6 & 8 2 Office Properties in Arden Hills, MN
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 | Individually For Sale | 1 |
| Status | Active | Total Building Size | 96,983 SF |
| Number of Properties | 2 | Total Land Area | 8.93 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 96,983 SF |
| Total Land Area | 8.93 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Northpark Corporate Center
8 Pine Tree Dr, Arden Hills, MN 55112 |
Office | 48,518 SF | 1985 | - |
|
Northpark Corporate Center
6 Pine Tree Dr, Arden Hills, MN 55112 |
Office | 48,465 SF | 1984 | - |
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Northpark 6 & 8
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