Property Tours: Property tours are available by appointment only. Please contact Brent Karkula at 952-924-4637. Property Highlights: *Modern Office with Numerous Amenities - Provides modern office and R&D space, main lobby with security station, an employee café with outdoor patio, a fitness center, and a bike storage area *Strong Regional Location - Central location within a growing cluster of tech companies (tenants include Shutterfly, Open Systems, Compass Data Centers). Amazon.com has two large facilities in the immediate area - a 162,000 SF sortation center which opened in August 2015, and an 820,000 SF distribution facility which opened in July 2016 *Ample Parking - Property includes 492 stalls which equates to a parking ratio of 5.00/1000 SF *Current Positive Cash Flow - Current Tenant Q-Logic has vacated the building but is paying rent through April 2018 *Regional Access - Easy access to and from the Twin Cities (approximately 25 miles northeast of the Property) via the area's highways. Quality ingress and egress via Cantebury Rd (19,000 VPD) from Hwy 101 (13,500 VPD) and Hwy 169 (65,000 VPD) *Strong Local Area Demographics - The Property benefits from strong demographics including an average household income in excess of $107,000, and population in excess of 416,000 within a 10 mile radius Investment Overview: Ten-X and CBRE are pleased to present the opportunity to acquire a 100% fee-simple interest in the Dean Lakes Office Building located at 4601 Dean Lakes Boulevard in Shakopee, Minnesota (the *Property*). The Property is a 98,351 square foot, two-story office building located on 8.33 acres. Business has been booming in the economic heart of this submarket, which has added over 3,000 jobs since 2012, an 18% increase. The Property is being offered in an online auction on June 19-21, 2017. The Property was originally constructed as a build-to-suit for QLogic, a supplier of high-performance storage networking solutions. The two-story, nearly 100,000 square foot facility served as the headquarters for QLogic’s Switch Products Group until early 2015, when they vacated. Currently, QLogic’s lease goes through April of 2018. This cash flow gives potential buyers the opportunity to market and release the asset without the downside of vacancy while taking advantage of the fastest growing market in the Twin Cities. Located on an eight-acre site within the business park portion of Ryan Companies’ Dean Lakes in Shakopee, the Property includes office, research & development, and laboratory space across two nearly identical 50,000 SF floor plates and was designed to accommodate up to 225 employees. While providing modern office and R&D space, the Property also offers amenities including a café space and patio area for corporate gatherings and barbecues, a fitness center, and a bike storage area. The Property features controlled access and ample parking, with a parking ratio of 5.00/1,000 SF.
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