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Premier Opportunistic Investment Opportunity - St. Paul MN CBD

Colliers International, MN, LLC, in conjunction with RealINSIGHT Marketplace, is pleased to present to qualified investors the opportunity to acquire the Ecolab University Office Center (the “Property”), a 154,604 square foot office tower with 16 floors above grade and two lower levels, located in the heart of St. Paul’s CBD. The Property is currently 100% economically occupied by Ecolab under a lease that expires December 31, 2019. Ecolab (NYSE:ECL), S&P rated BBB+ recently vacated the building and relocated into a much larger CBD tower

INVESTMENT HIGHLIGHTS

  • Premier Opportunistic Acquisition Opportunity:  The Property offers a future investor the unique opportunity to acquire a physically vacant CBD office tower that can be leased to traditional office tenants or repurposed into multi-family or a hotel.
  • Existing Cash Flow:  A future investor will receive approximately $1,383,190 net cash flow through Ecolab’s continuing obligation to pay base rent and operating expenses until lease maturity of December 31, 2019.
  • Discount to Replacement Cost:  It is expected that the Property can be acquired at a significant discount to new construction.
  • Recent Success Stories: Adjacent to the Property are two recent success stories: Ecolab’s former global headquarters’ building was purchased by local investors and is now nearly fully occupied; the former Macy’s Department Store was acquired and repurposed into a mixed-use facility that includes the Minnesota Wild (NHL Hockey) practice and training facility, office, medical, retail and parking. 
  • Desirable and Convenient Location: St. Paul is home to a myriad of large corporations including Ecolab, Securian Financial, Travelers Insurance and Xcel Energy.  Ecolab University is located just 15 miles from the Minneapolis St. Paul International airport.  It’s location in downtown St. Paul provides easy access to two major highways, I-94 & I-35E, making it a convenient place for people to live and work. 
  • Mass Transit:  $1 billion was invested in constructing the METRO Green Line, an 11-mile light rail line that connects downtown Minneapolis and downtown St. Paul.  Ridership in 2017 on the Green Line was a record 13.1 million. Ridership has grown every year since its 2014 opening. 
  • Revitalization of St. Paul CBD:  Downtown St. Paul is undergoing major revitalization including the new CHS Field stadium, new restaurants, and housing. Housing in the downtown core has spiked 20% in the past 5 years. 
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A10 Capital’s commercial real estate acquisition finance team help borrowers secure non-recourse financing. Our track record in online commercial real estate acquisition financing is unparalleled. A10 Capital has reviewed this asset in consideration for customized balance sheet financing.

  • Loan Proceeds - A10 Capital offers bridge financing up to 80% LTV.
  • Recourse - Non-recourse
  • Loan Term - 3-5 years, plus extensions
  • On Balance Sheet - A10 is an on-balance sheet lender, providing flexibility to make changes to your loan over the life, if warranted.
  • A10 Loan Servicing - A10 services its loans in-house from closing to maturity, providing a better experience than having your loan transferred to a disinterested 3rd party servicer. A10 does not have hidden servicing fees that are common with 3rd party servicers.
  • Certainty of Closing - A10 will work to close within or shortly after closing assuming you provide prompt response to information requests.
  • In-house Legal - A10’s in-house legal department combined with the fact we typically don’t require legal opinion letters from your counsel, translates into a ~35 bps reduction in the effective interest rate on an average middle-market bridge loan.
  • Payment Options - A10 provides customized rate structures: fixed, floating and hybrid (fixed to floating) options.
  • Rate Lock - At application
  • Permanent Loan Capability - A10 is a one-stop lender with capabilities to also provide long-term, fixed-rate financing on stabilized middle-market properties up to 20 years. A10’s permanent loans are unique in that they also remain on-balance sheet and serviced by A10.


Upon reaching stabilization, A10 offers a seamless transition into a permanent loan with a variety of cost-saving benefits.

For more information on pricing and customized structure please contact:

Alisha Hill Koontz

Executive Vice President

208.577.5052

ahill@a10capital.com

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Ecolab University Center

386 Wabasha Street North, Saint Paul, MN 55102

Sold Subject To

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Office Type
  • CBD Office
  • Property Size
  • 154,604 Sq Ft
  • Land Area
  • 0.21 Acres
  • Year Built
  • 1971
  • Year Renovated
  • 1997
  • Number of Floors
  • 16
  • Number of Buildings
  • 1
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Jun 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Col. Frank B., Imholte

      c/o Fisher Auction Company Inc.

      License: #84-302