#USA #St. Paul #Hilco Global #Minneapolis St Paul #Industrial Warehouse

Prime Industrial Warehouse for Sale in St. Paul, Minnesota

Hilco Global's real estate team is excited to announce the availability of an industrial warehouse located at 543 W James Ave, St. Paul. This facility, encompassing approximately 78,857 square feet, has been well-maintained and previously served as a vertical grow operation. With a sell-by date of November 14, 2025, interested parties are encouraged to explore this unique opportunity.

Key Features of the Warehouse

This facility, constructed in 1982 and refurbished in 2022, offers several beneficial features for potential buyers.

• - Refrigeration Space: Among its highlights is 20,000 square feet of dedicated refrigeration area, making it suitable for various needs.
• - Height and Accessibility: A clear height of 22 feet ensures ample vertical space for storage or production processes.
• - Versatile Infrastructure: The building comes with specialized vertical grow racking and equipment that could be included in the sale. Additionally, it has two dock-high doors and two drive-in doors, with the potential to add nine more.
• - Office and Amenities: The warehouse comes equipped with office spaces, a well-appointed conference room, and a spacious break room complete with a kitchen. This setup makes the facility not only functional but also comfortable for employees.

Location Advantage

Situated conveniently close to downtown St. Paul and Minneapolis, plus easy access to I-35 and the Minneapolis–St. Paul International Airport, this property enjoys a strategic position that enhances its appeal. The surrounding neighborhood consists of a diverse mix of residential, industrial, commercial, and retail districts, providing immediate access to the region's labor force and essential amenities.

Zoning Flexibility

The property benefits from flexible T3 zoning, which accommodates a wide range of potential uses. This aspect is particularly attractive for owner-users or developers seeking versatility in industrial applications and the convenience of logistical connections.

Market Conditions

The industrial market in Minneapolis-St. Paul is robust, with vacancy rates remaining low at around 5.0%. Asking rents have seen a noteworthy increase of 5% year-over-year, reflecting a steady demand for industrial spaces. The market conditions signify that new industrial projects are primarily driven by specific tenants or are custom-built, resulting in limited speculative developments. This scenario further underscores the appeal of the area for both industrial tenants and potential investors.

Chet Evans, the Vice President at Hilco Global, highlighted, "This sale represents a remarkable chance for industrial users and investors to acquire sought-after warehouse space in an attractive St. Paul market. The property is in excellent condition, and its refrigerated space offers enhanced optimization for diversified uses."

Sale Procedures

The sale of this property will adhere to specific Terms of Sale, which can be reviewed and downloaded from Hilco Global's website. Interested bidders can schedule on-site inspections on October 9, 16, and 30, by appointment only. The transaction is in partnership with Aaron Goldstein at Gold Group Realty, listed with MN Broker License #40605893.

Potential buyers should familiarize themselves with the sale requirements outlined on Hilco's website. For more information regarding the property, sale process, or access to due diligence documents, don't hesitate to reach out to Chet Evans at (847) 418-2702 or contact Henry Nash at (847) 313-4796.

About Hilco Global

Hilco Global, a diverse financial services firm and a subsidiary of ORIX Corporation USA, specializes in maximizing value across various industries including real estate, manufacturing, and intellectual property. Their commitment to helping clients resolve complex situations spans across healthy, stressed, and distressed companies, driven by a goal to enhance long-term value. With over 810 professionals functioning globally, Hilco Global aims to deliver optimal solutions tailored to clients’ needs. Learn more by visiting Hilco Global's website.