Colliers, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple ownership in the Rochester Med-Tech Portfolio (the “Portfolio”) located at 3555 9th Street Northwest and 3701 40th Avenue Northwest in Rochester, Minnesota. The Portfolio offers qualified investors the opportunity to acquire a durable existing cash stream with strong rent growth potential.
Built in 1997 & 2018 respectively, the Portfolio is comprised of two institutional quality Med-Tech properties totalling 63,543 square feet, and is collectively 92% occupied by a variety of high quality tenants. The Portfolio also features 17’-20’ clear heights, highway frontage, 3 dock doors, 5 drive-in doors, 2 glassed-over doors that could be reconverted to loading, and each property has a 4.0/1,000 square foot parking ratio.
Located in Rochester, Minnesota – the Portfolio shares a home with the Mayo Clinic’s Destination Medical Center, the largest and most prestigious healthcare system in the world, and enjoys frontage on Highway 14, CH-22, and access to Highway 52. The Portfolio is well positioned to retain its existing tenancy and attract new occupants should the need arise.