As part of a portfolio acquisition, Peak secured a Class A, single-tenant industrial office asset in Arden Hills, MN totaling 47,100 SF. The building is 100% leased with a 2.8-year weighted average lease term (W.A.L.T.) and generates approximately $407.5K in annual NOI. The property features more than 80% clean-room and office finish, 12’+ clear height, 4 dock doors, and a low-slope bituminous roof system.
Located within the Minneapolis–St. Paul MSA, Arden Hills is a strategic business hub with direct access to major transportation corridors and metro-area amenities. The city’s economy is fueled by a strong mix of healthcare, education, and technology employers, including Boston Scientific and Bethel University, supporting a well-educated and stable workforce.
This acquisition represents a low-risk opportunity to own a fully leased Class A asset in a premier submarket, with potential long-term upside through lease renewal or repositioning.
