Madison Equities Portfolio 9 Properties in Saint Paul, MN
INVESTMENT HIGHLIGHTS
- The portfolio offers unprecedented scale.
- The properties enjoy strategic locations in the heart of the St. Paul Central Business District, the State Capital of Minnesota.
- The owner is and subsequent buyer will be the largest land owner in Downtown St. Paul.
- This exceptional location coupled with low taxes and operating expenses are a competitive leasing advantage for the portfolio.
EXECUTIVE SUMMARY
CBRE is pleased to present to qualified investors the opportunity to acquire the Madison Equities Office Portfolio located in Downtown St. Paul, Minnesota at well below replacement cost. The offering consists of 1,643,310 square feet of high and mid rise downtown office towers, two parking ramps, a surface parking lot and a restaurant. Buyers have the ability to add value and improve financial returns
by increasing occupancy through leasing and repositioning the properties through redevelopment.
by increasing occupancy through leasing and repositioning the properties through redevelopment.
PROPERTY FACTS
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 9 |
| Individually For Sale | 0 |
| Total Building Size | 2,573,837 SF |
| Total Land Area | 11.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
US Bank Center
101 5th St E, Saint Paul, MN 55101 |
Office | 521,646 SF | 1942 | - |
|
Empire Building
360 Robert St N, Saint Paul, MN 55101 |
Office | 85,000 SF | 1889 | - |
|
Park Square Court
400 Sibley St, Saint Paul, MN 55101 |
Office | 136,000 SF | 1890 | - |
|
Lowertown Garage
245-255 6th St E, Saint Paul, MN 55101 |
Specialty | 172,026 SF | 1960 | - |
|
City of St. Paul Parking Ramp
50 4th St E, Saint Paul, MN 55101 |
Specialty | 444,741 SF | 2000 | - |
|
Handsome Hog
173 Western Ave N, Saint Paul, MN 55102 |
Retail | 13,760 SF | 1963 | - |
|
Alliance Bank Center Tower
55 5th St E, Saint Paul, MN 55101 |
Office | 300,000 SF | 1967 | - |
|
First National Bank Building
332 Minnesota St, Saint Paul, MN 55101 |
Office | 662,845 SF | 1915 | - |
| 375 Jackson St, Saint Paul, MN 55101 | Office | 237,819 SF | 1981 | - |
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