Rochester Med-Tech Portfolio
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Rochester Med-Tech Portfolio
2 Properties in Rochester, MN
Investment Highlights
- Durable In-Place Income with Strong Mark-to-Market
- Medical & Construction Related Tenancy
- Zero Competitive New Construction
- Rochester, Minnesota – Best City for Growth
- Highway Visibility & Retail Amenities
Executive Summary
Colliers, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple ownership in the Rochester Med-Tech Portfolio (the “Portfolio”) located at 3555 9th Street Northwest and 3701 40th Avenue Northwest in Rochester, Minnesota. The Portfolio offers qualified investors the opportunity to acquire a durable existing cash stream with strong rent growth potential.
Built in 1997 & 2018 respectively, the Portfolio is comprised of two institutional quality Med-Tech properties totalling 63,543 square feet, and is collectively 92% occupied by a variety of high quality tenants. The Portfolio also features 17’-20’ clear heights, highway frontage, 3 dock doors, 5 drive-in doors, 2 glassed-over doors that could be reconverted to loading, and each property has a 4.0/1,000 square foot parking ratio.
Located in Rochester, Minnesota – the Portfolio shares a home with the Mayo Clinic’s Destination Medical Center, the largest and most prestigious healthcare system in the world, and enjoys frontage on Highway 14, CH-22, and access to Highway 52. The Portfolio is well positioned to retain its existing tenancy and attract new occupants should the need arise.
Built in 1997 & 2018 respectively, the Portfolio is comprised of two institutional quality Med-Tech properties totalling 63,543 square feet, and is collectively 92% occupied by a variety of high quality tenants. The Portfolio also features 17’-20’ clear heights, highway frontage, 3 dock doors, 5 drive-in doors, 2 glassed-over doors that could be reconverted to loading, and each property has a 4.0/1,000 square foot parking ratio.
Located in Rochester, Minnesota – the Portfolio shares a home with the Mayo Clinic’s Destination Medical Center, the largest and most prestigious healthcare system in the world, and enjoys frontage on Highway 14, CH-22, and access to Highway 52. The Portfolio is well positioned to retain its existing tenancy and attract new occupants should the need arise.
Property Facts
Sale Type | Investment | Individually For Sale | 0 |
Status | Active | Total Building Size | 65,006 SF |
Number of Properties | 2 | Total Land Area | 6.61 AC |
Sale Type | Investment |
Status | Active |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 65,006 SF |
Total Land Area | 6.61 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
3555 9th St NW, Rochester, MN 55901 | Flex | 35,006 SF | 1997 | - |
Valley High Business Center III
3701 40th Ave NW, Rochester, MN 55901 |
Office | 30,000 SF | 2018 | - |
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Rochester Med-Tech Portfolio
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