Saint Paul Portfolio of properties for Sale - Suburban St Paul
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!