18 Acker StSaint Paul, MN 55117

Property Details for 18 Acker St

Year built

1959

Lot size

1.85 AC

Property size (Sq ft)

12,755 SF

Property type

Industrial properties

Property subtype

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.

Location Insight

City

Saint Paul

County

Ramsey

State

Minnesota

Latitude

44.9638

Longitude

-93.0981

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