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Property Overview

Price/Rent PSF Inquire
Asset Type Office
Trade Type Sale
SQ. FT. Available 75601.00
Date Available 09/04/2018
Additional URL Link
Floors 2
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Description

Location
Arden Hills lies approximately eight miles north of the downtown areas of both St. Paul and Minneapolis, Minnesota, and is one of the area's healthiest and fastest growing sub-markets. The location provides easy access to the entire Twin Cities Metro Area and is located within 10 miles of both Central Business Districts. The city serves as home to many large corporations and businesses including Boston Scientific, Land O'Lakes and Syntegra, as well as being a hub for H.B. Fuller, International Paper, Presbyterian Homes and Services, Sherwin Williams and Smiths Medical. Additionally, the city of Arden Hills is home to Bethel University (annual enrollment - 6,532 students) and University of Northwestern - St. Paul (annual enrollment - 3,427 students).

The City of Arden Hills is currently undertaking a lot of new programs as a part of their 2030 Comprehensive Plan. Part of that plan is to redevelop the Twin City Army Ammunition Plant (TCAAP), which is one of the largest undeveloped tracks in the Twin Cities Metropolitan Area. The TCAAP was developed during WWII to produce ammunition for the United States military, and is now in the process of being redeveloped with a mix of housing, commercial, retail, industrial, and parks and open space as well as a 1,600 acre National Guard base, all based on the Framework Vision.

Sale
Well-located, 75,601 square foot, two-story Class B office/R&D building on 4.97 acres located next to three (3) major highways. This property is surrounded by multiple Fortune 500 and publicly traded companies, including Boston Scientific, H.B. Fuller, International Paper, Land O'Lakes, Sherwin-Williams. Additionally, to the west is Bethel University which has an annual enrollment of 6,532 students. The property formerly housed United Technologies, who is currently on lease and which pays through March 2019, providing runway for any investor to find a replacement tenant.

Location (Click here to view the location on the map.)
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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