SUCCESS STORIES
9231 Penn Ave South, Bloomington, MN
We acquired the property as the General Partner and brought in a Limited Partner in January 2022. The property was 64% occupied at the time of acquisition. We executed our business plan to upgrade the property and back-fill the vacancies at higher rental rates. We leased the property to 90% and sold the 220,000 sqft industrial building in May 2023.
RETURN ON INVESTMENT
IRR of 80%
Equity multiple of 2.0x
3236 California St NE, Mpls. MN
We acquired our first property the property in 2021. 3236 California St NE is in NE Minneapolis, just 2 miles from Interstates 94 and 694.
We executed our business plan to upgrade the property and restructure the leases at significantly higher rental rates. We also created outside truck/trailer parking spaces. We sold the 86,600 sqft industrial building in August 2025.
RETURN ON INVESTMENT
IRR of 18%
Equity multiple of 2.0x
SQuare Footage
86,602 SF
Science Center Business Plaza
