Minneapolis, MN

co-inverter

This off-market acquisition allowed Axial to invest in a mission-critical facility leased by a Fortune 300, preeminent global provider of multimodal services and logistics solutions (“Tenant”). The building is at the center, and part of, the Tenant’s four-building headquarters campus, with all other buildings on the campus and adjacent expansion land being owned by the Tenant. The project has an attractive parking ratio of 6.5 stalls/1,000 sf, well above the market average of 4.0 stalls/1,000 sf, as well as a full-service cafeteria, 10’ ceilings and lobby fireplace and coffee bar. With less than 7 years of remaining lease term at the time of acquisition, the property was able to be acquired on an attractive cap rate basis and leveraged with 2015’s accretive interest rates, delivering strong annual leveraged returns to investors.