18 Acker St Saint Paul, MN 55117
- Flex space
- 12,755 SF
- 1.85 lot acres
Current Use by Public Records
- Flex space
Property Details for 18 Acker St
- Year built
- 1959
- Lot size
- 1.85 lot acres
- Property size
- 12,755 SF
- Property type
- Flex space
Description
This exceptional investment opportunity presents a fully occupied, multi-tenant industrial flex property situated on a generous 1.85-acre lot in Saint Paul, Minnesota. The property, comprised of two buildings totaling 12,755 square feet, boasts a desirable I1 zoning and features 16-foot ceilings, providing ample space for diverse business needs. Currently housing four tenants with 100% occupancy and multi-year leases, this asset generates a strong net operating income (NOI) of $299,357, resulting in an attractive 8.57% capitalization rate. Built in 1959, the property offers significant upside potential with built-in rent bumps. The asking price is $3,495,000, translating to $274.01 per square foot and $873,750 per unit. Its prime location offers easy highway access and proximity to downtown Saint Paul, enhancing its appeal to a wide range of businesses. This is a rare opportunity to acquire a high-performing industrial property with a proven track record of success in a thriving market. The property's large lot size and permitted zoning present additional development possibilities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.0980582
- Latitude
- 44.9638231
