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VALUE ADD URBAN LIGHT INDUSTRIAL - 39% BELOW MARKET IN-PLACE RENTS:Transwestern Midwest Capital Markets is pleased to offer the 100% fee simple interest in 11100 Hampshire, in the center of the Minneapolis-St. Paul-Bloomington MSA. Situated in a coveted light industrial and tech-centric pocket of west Bloomington, the property offers tenants exceptional highway access, is equidistant to both Minneapolis and St. Paul CBDs, and proximate to both executive and workforce housing markets. The light-industrial property consists of one improvement which is 100% leased to two credit-tenants: Braun InterTech and COIT Cleaning & Restoration which combine for a total weighted averagelease term of 1.5 years. 11100 Hampshire presents investors with a value-add opportunity via mark-to-market of the approximately 39% below market in-place rents. Both suites contain trench drains, flammable waste traps, and make-up air improvements that are costly to replicate thus making the renewal likelihood very high.
- Property Type : Industrial
- Ceiling Height Range : 21
- Docks : 2
- Power : 480v
- Yard : No
- Class : C
- Listing Size : 51,023
- Year Built : 1980
- Stories : 1
- Typical Floor Size : 51,023
- Elevators : 0
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Available Space (1)
| Suite
|
Attachments | Sqft
|
Rate
|
Type
|
Max Contiguous
|
Lease Type
|
Cam Charges
|
|
|---|---|---|---|---|---|---|---|---|
| Building | 51,023 | Sale | 51,023 |