2800 Mount Ridge Rd - Medical FOR SALE


Roseville, MN 55113
$20,834,000 USD
510-388-4438
2800 Mount Ridge Rd, Roseville, MN for Sale
$20,834,000 USD
Medical - FOR SALE
1/11
null | 7.1% Cap Rate

2800 Mount Ridge Rd
Roseville, MN 55113


HIGHLIGHTS

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Corporate Guarantee – Cellectis S.A. (NASDAQ: CLLS)
  • Mission-Critical, State-of-the-Art Facility
  • 2018 Class-A Construction on 11-Acre Corporate Campus
  • Located Within 280-Acre Master-Planned Mixed-Use Redevelopment
  • 5 Minutes to Downtown Minneapolis, 8 Minutes to Downtown St. Paul

OVERVIEW

The Kase Group is pleased to present a rare opportunity to acquire a mission-critical, state-of-the-art facility located in Roseville, Minnesota. The property is secured by a 20-year Absolute NNN Bond Lease, offering zero landlord responsibilities and long-term peace of mind. The lease is corporately guaranteed by Cellectis S.A., a publicly traded French pharmaceutical firm (NASDAQ: CLLS), and includes 7.5% rental escalations every five years along with four (4) additional five-year renewal options. Delivered in 2018, the asset is a premier Class-A construction situated on an expansive 11-acre corporate campus. It features cutting-edge lab and research facilities, a test kitchen, greenhouse, and outdoor demonstration plots, making it essential to the operations of the current tenant, Cibus, a leader in precision gene editing for agriculture. The location offers excellent accessibility, just five minutes from Downtown Minneapolis and eight minutes from Downtown St. Paul, with immediate access to I-35W, which sees over 139,000 vehicles per day. The property sits within a 280-acre master-planned redevelopment that blends high-density residential, Class-A office and industrial space, retail, and hospitality. It benefits from strong surrounding demographics, including 284,204 residents in the primary trade area and 285,584 residents within five miles, along with a daytime workforce of 238,011 employees in the same radius. Average household income exceeds $99,000 within one mile. Nearby is Rosedale Center, a major regional shopping destination with more than 14 million annual visitors, recently enhanced by a $100 million renovation. The area also offers vibrant lifestyle amenities, including restaurants, hotels, entertainment venues, and outdoor recreation at Langton Park.

FOR SALE DETAILS

PRICE

$20,834,000 USD

PRICE/SF

$469 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cibus

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

10.73 AC

LAND SF

467,399 SF

ZONING

C

APN/PARCEL ID

04-29-23-32-0014,04-29-23-32-0015

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.