OVERVIEW 1120 38th Avenue NE | Sauk Rapids, MN ± 193,555 SF Industrial/Manufacturing Facility Property is Located 65 Miles North of the Twin Cities Just East of the Mississippi River Seller: The Ferkinhoff Brothers, LLC (St. Cloud, MN) Buyer: Hom Properties (St. Louis, MO) Single-Tenant, Long-Term NNN Leased Investment Sale Sale Price: $6.9M ($35.65 PSF) For more information regarding this case study, please contact: LAMAR NEWBURN D (952) 373-4833 Email // Resume KAI THOMSEN…
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Historic Adaptive Reuse: Industrial Facilities Turned Mixed-Use, Multifamily Housing, and Retail
OVERVIEW Project Name: 6th & 3rd Location: North Loop / Warehouse District (Minneapolis, MN) $21.1M Acquisition closed April 2020 Historic Adaptive Reuse from Industrial/Warehouse Facilities to Mixed-Use, Multi-Unit Apartment Housing, and Retail Uses Three Contiguous Land Parcels Totaling ± 1.87 Acres of Land For more information regarding this case study, please contact: LAMAR NEWBURN D (952) 373-4833 Email // Resume KAI THOMSEN D (952) 223-6724 Email // Resume The Client CEDARst applies a…
Exceptional Location & Development Potential Attracted Major Interest
OVERVIEW Railroad Avenue | Florence Township, NJ 30.82 Acres Fully Approved for Industrial Development at Closing Approved Building Size: 300,700 SF Seller Representation For more information regarding this case study, please contact: BOB YOSHIMURA D (610) 601-8504 Email // Resume JOSEPH HILL D (610) 601-8502 Email // Resume ERIC MATTSON D (610) 601-8503 Email // Resume The Client Foxdale Properties is a privately held commercial real estate company based out of Pasadena,…
Midwest Multi-Tenant Flex Office Warehouse Sold to REIT for Asking Price
OVERVIEW 5610-5710 West 82nd Street, Building 66, Park 100 | Indianapolis, IN 64,800 SF 100% Occupancy Built: 1986 Clear Height: 20′ Sale Price: $5,200,000 ($80/SF) 6.75% In-Place Cap Rate For more information regarding this case study, please contact: REBECCA WELLS D (317) 726-7305 Email // Resume The Client Our client was a private value-add partnership who purchased the building with vacancy in 2016. The seller made extensive interior and exterior capital improvements as well as…
Value Add Multi-Tenant Industrial Park Sale
OVERVIEW 1320 Grand Avenue | San Marcos, CA Industrial Multi-Tenant Park “Value-Add” Repositioning Strategy Off-Market Transaction 52,289 SF 37 Incubator Suites Acquisition Price: $6,885,000 Disposition Price: $9,250,000 17-Month Hold Period For more information regarding this case study, please contact: RUSTY WILLIAMS D (760) 448-2453 Email // Resume CHRIS ROTH D (760) 448-2448 Email // Resume JAKE RUBENDALL D (760) 448-1369 Email // Resume The Client Focus Real Estate, LP, formed in April…
AFF Logistics Center Sale-Leaseback
OVERVIEW 7400 45th Street Court E | Fife, WA ± 99,260 SF 19.5 Acres Seller (& Lessee) Representation Sale Price: $46,515,015 ($469 / SF) “We were extremely happy with the local market expertise and guidance provided by the Lee & Associates team. From lease availability analyses, to purchase and sale negotiation, introduction to key area legal counsel, and presence during the entire transaction, we could not have asked for more. The Lee team set…