Fulton Realty Capital advised a private client on the acquisition of a office/warehouse/R&D asset in Southeast Minnesota. The 124,000 SF property was sourced by Fulton's commercial real estate team, who also secured CMBS financing and led all negotiations.
Located within the heart of a medical device and technology corridor, the asset is accessible via multiple major highways and thoroughfares. The hybrid flex-industrial space features a versatile, single-story layout and rear roll up doors.
The well-maintained property has boasted an occupancy rate higher than 90% for the past 20 years. Overall supply in the surrounding market is limited.
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