Twin Lakes II Corporate Center

Minnesota > Roseville

Twin Lakes II Corporate Center - 2720 Arthur St, Roseville, MN 55113

Twin Lakes II Corporate Center: 2720 Arthur St, Roseville, MN 55113

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For Lease

Industrial

Industrial Space

Available now!

9,000 - 19,022

Square feet

$3,375 - $15,060

Per month

Divisible to
9,000 sq. ft.
Time on Market
almost 7 years
Space ID
942187

Overview
Office/Showroom space with extensive brick and ribbon glass exterior Outstanding location near the intersection of I-35W and County Road C. Class A finishes with predominately open office environment

CURRENTLY AVAILABLE: 19,022 SF office space

MINIMUM DIVISIBLE: 9,000 SF office space

LOADING:
Three (3) drive-in dock doors
(Doors are currently glassed in; one could be converted to loading dock)

YEAR BUILT: 1999

CLEAR HEIGHT: 18’ tech area (high ceilings in office area)

PARKING: Generous surface parking

NET RENTAL RATES:
$10.25 PSF office
$5.00 PSF warehouse

2017 EST. CAM & REAL ESTATE TAX:
$1.74 PSF CAM
$2.95 PSF Tax
$4.69 total PSF

Premier 74,337 SF office/showroom building
Outstanding location near intersection of I-35W and County Road C
Abundant glass lines
Parking to accomodate 100% office finish
Drive-ins and potential dock door available
18’ clear in warehouse area; high ceilings in office area
Available Today
Minutes from retail, hotels and restaurants

Presented By

Colliers | Minneapolis - Downtown
Steve Nilsson

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Property Details

The Property and the due diligence documents will be available for review on Ten-X.com. The auction will commence on June 5, 2017, and end on June 7, 2017, at 10:00 am PST. We encourage all interested parties to review and execute the confidentiality agreement at their earliest opportunity to gain access to the Ten-X.com due diligence vault.

Click here to visit the Ten-X.com website

PROPERTY INFORMATION

Address: 2720 Arthur Street, Roseville, MN

Building Size: 74,094 Square Feet

Current Occupancy: 74.33%

FINANCIAL SUMMARY

Year 1 NOI: $571,489

Year 2 NOI: $657,312

Year 3 NOI: $672,889

INVESTMENT HIGHLIGHTS

VALUE-ADD OPPORTUNITY
A future investor can significantly enhance net operating income and cash flow through the lease-up of the vacant 19,022 square feet.

AMPLE PARKING
The Property has 297 parking stalls representing a 4.0:1,000 SF parking ratio, allowing for an overall office finish of 100%.

DESIRABLE RENT ROLL
The Property is occupied by large corporate tenants including: Tyco Integrated Security - 9,417 SF, Signal Perfection - 30,620 SF and Option Care Enterprises (Walgreen's) - 15,035 SF

OUTSTANDING LOCATION
Located 1/2 mile west of Interstate 35W on Ramsey County Road C, the tenants of the Property enjoy great roadway infrastructure and ease of movement.

ATTRACTIVE AND FUNCTIONAL DESIGN
Twin Lakes II Corporate Center has an attractive brick exterior interspersed with spacious windows.

Click here to visit the Ten-X.com website