Arden Hills Industrial
Arden Hills, MN
A 113,387 square foot industrial building located in Arden Hills, MN. The building was constructed in 1979 and underwent a significant renovation in 2022, offering a highly functional space in a strong submarket of Minneapolis, MN.
1979
113,387 SF
2022
Investment Highlights
4440 ROUND LAKE RD
ARDEN HILLS, MN 55112
Arden Hills Business Center is a 113,387-
square-foot industrial building located Arden Hills, Minnesota. The asset was acquired vacant for $11.23 million ($98.95 per SF) with 61,142 SF or 53% of the leasable area pre-leased, offering a strategic infill location with value-add potential. Midloch acquired the asset at a basis that is approximately 30% below replacement cost with immediate net operating income through pre-leasing.
The building was constructed in 1979 and underwent a significant renovation in 2022, including new LED lighting, mechanical and roof
improvements. Midloch will build on these previous improvements by replacing the aging HVAC units,
constructing a new 2nd tenant entry, and demising and submetering the building infrastructure to
accommodate multiple tenants.
The Arden Hills Business Center offers immediate net operating income through pre-leasing, with value-add potential through lease-up of the remaining vacancy, in highly functional space, at a strategic location in a strong submarket with favorable market conditions.
CONTACT
Tim Donovan
414.795.5849
tim@midloch.com
CONTACT
Gabriella Garcia
312.625.7162
gabriella@midloch.com