Wabasha Flats Portfolio - Eaton
Industrial | 9.10% CAP | 9,936 SqFt
Marketing description
KW Commercial is pleased to present investors with the opportunity to acquire the Wabasha Flats Portfolio. This opportunity is comprised of three separate buildings, including a multi-tenant 4-story office building, a multi-tenant single-story retail building, and a single tenant industrial building. All of the buildings are fully leased. Over the last year, the current owner renewed 7 of the 11 leases on a long-term basis, which demonstrate the enduring stability of the assets. All three buildings are fully leased with annual rent escalations which makes this investment opportunity a great long-term hold.
PROPERTY ADDRESSES:
▪ 122-140 Wabasha St., Saint Paul, MN 55107
▪ 150 Eaton Street, Saint Paul, MN 55107
PROPERTY OVERVIEW:
▪ Total Portfolio Building Square Feet: 81,881 SF
▪ Total Portfolio # of Units: 10 units + parking lease
▪ Year Built: Wabasha 4-story:1916 Wabasha Single-Story addition: 1981 Eaton: 1979 FINANCIAL HIGHLIGHTS:
▪ Price: $11,050,000
▪ NOI: $939,459 (as of 12/31/2025)
▪ Cap Rate: 8.5%
▪ Price per Square Foot: $138.92/sf
▪ WALT: 4.9 Years remaining
▪ 100% Occupied
Investment highlights
Investment Highlights
▪ Diversified portfolio comprised of a 4-story office building, a 1-story retail building, and a freestanding industrial building.
▪ 100% leased!
▪ WALT: 4.9 years
▪ Over $3 Million in building renovations in 2021, including improvements to the parking lot, tenant buildouts, and HVAC replacements.
▪ The Wabasha buildings lie on over 5.62 acres, encompassing the length of an entire city block along the beautiful Mississippi river. Great potential for long-term redevelopment!
▪ The properties are situated in West St. Paul, which is minutes from the State Capital building, the regional and international airport, and the entertainment hub of downtown St. Paul.
▪ High Cap Rate and 100% occupancy provides excellent coupon, perfect for 1031 exchange
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