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Blaine Business Park Fully Leased With Action Target & Aspect Automation As Tenants

Property Image
LEASED

Minnesota

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Industrial130,020 SF
Leased 04/20/2023
the dealdetailscomps
Property Image
LEASED

Blaine Business Park Fully Leased With Action Target & Aspect Automation As Tenants

8611, 8700, & 8650 West 35W Service Dr. NE,Blaine, Minnesota

See Similar Deals
Industrial130,020 SF
Leased 04/20/2023
the dealdetailscomps

Summary

MINNESOTA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:130,020 SF
Transaction Type:Lease

A business park in Blaine, Minnesota, consisting of three buildings with a total area of 317,400 square feet, has been fully leased, according to CBRE. The park, known as Blaine35, is located at 8611, 8700, and 8650 West 35W Service Dr. NE. It is an industrial property with a size of 130,020 square feet. The landlord, Artis REIT, has secured tenants for all the available space.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 8611, 8700, & 8650 West 35W Service Dr. NE
  • Market: Blaine, Minnesota
  • Total Square Feet: 317,400
  • Tenants: Action Target & Aspect Automation
  • Landlord: Artis REIT

The final leases for the Blaine35 business park were secured by shooting range equipment manufacturer Action Target and automated manufacturing solutions provider Aspect Automation. The landlord's representatives in this transaction were Dan Swartz and Austin Lovin from CBRE.

Details

LEASED
IMAGE: Austin Lovin & Dan Swartz DATE: 04/20/2023 ADDRESS: 8611, 8700, & 8650 West 35W Service Dr. NE MARKET: Blaine, Minnesota ASSET TYPE: Industrial ~ SF: 130,020 LANDLORD: Artis REIT TENANT: Action Target & Aspect Automation LANDLORD'S REP: Dan Swartz & Austin Lovin - CBRE NOTE: A business park in Blaine, Minnesota, comprising three buildings totaling 317,400 square feet, has been fully leased, according to CBRE. The final leases were secured by shooting range equipment manufacturer Action Target and automated manufacturing solutions provider Aspect Automation, bringing the park, known as Blaine35, to 100% occupancy.

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Effective Rent (Annual)

$7,452,667.94

Total Lease Value

$74,526,679.40

Net Landlord Cash Flow$7,452,667.94