Kids In Need Foundation Leases 74,364-SF Mixed-Use Building In Little Canada From JHM Owasso Properties
200 South Owasso Boulevard East
Building Size
74,364 SF
Asset Type
Mixed-use
Closing
Apr 15, 2025
AI
A long-term lease transaction has taken place involving a mixed-use asset located at 200 South Owasso Boulevard East in Little Canada, MN. The total square footage of the property is 74,364, which includes both office and warehouse space. The building will exclusively house the operations of the Kids in Need Foundation, marking a strategic move from their previous location in St. Paul.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 200 South Owasso Boulevard East
- Market: Little Canada, MN
- Landlord: JHM Owasso Properties
- Tenant: Kids in Need Foundation
- Landlord's Representative: Alex Baron & John Thompson - Transwestern
- Tenant's Representative: Stephen Davidson - Davidson Cos. Inc
- Office space: 20,000 sf
- Warehouse space: 55,000 sf
The Kids in Need Foundation's decision to occupy the entire property highlights their commitment to expanding their resources, as the new location will accommodate a teacher resource center alongside extensive office and warehouse facilities. The lease was facilitated by representatives from Transwestern for the landlord and Davidson Cos. Inc for the tenant, ensuring a smooth transaction between both parties.
Players
Saint Paul Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93