Commercial Opportunities – USA

BARNES Commercial Opportunities

BARNES International Realty is a leading international real estate firm; it was created more than 20 years ago and is now a consolidated group, headquartered in France / Luxembourg, with 90+ offices spread over 16 countries, and about 900 consultants at the service of our high-net worth clientele. Last year, gross sales amounted to over $6 billion. Over the past decade, and due to its particular high-end positioning, BARNES has developed a multitude of partnerships and considerable expertise in assisting family offices, wealth management firms, and private banks globally. They appreciate the very high standards of our group, its professionalism, worldwide implantation and interconnection between all offices; but mostly we have been successful at building trust with those entities, accompanying them in the management, diversification and growth of their real estate portfolios, while being able to respond to more unique requests from their clients.

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UNITED STATES

Class A – Mission Critical Office & Pharmacy Distribution Center in Orlando, FL

This best-in-class, single-tenant office building in Orlando, Florida is well located, adjacent to Orlando International Airport, major transportation corridors and surrounded by retail and other major employers. 78,449 sq. ft. on a 8.29 acres site, with a 4.5% CAP rate and 5-Year Average Cash on Cash of 6.4%. Tenant is an American multinational managed healthcare and insurance company with an NNN lease through December 2031.

Asking price: $26,000,000
CAP rate: 4.5%
Cash on Cash in year one: 5.8%

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Amazon Distribution Warehouse (PA)

Newly redeveloped best-in-class last-mile facility of 149,180 sq ft, renovated in 2020 and 100% leased to Amazon over 12-years. Strategically located to provide access to nearby states of New Jersey and New York with a quick access to major port, intermodals and major cargo airports, making this submarket an attractive option. CAP rate 4.5%. 5Y Leveraged IRR 5.9%.

Asking price: $ 20,000,000
CAP rate: 4.5%
5Y Leveraged IRR 5.9%.

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Class A – Downtown Minneapolis, MN
533 S 3rd St, Minneapolis, MN 55415

Millwright of approx. 173,476 sqft., constructed in 2017, is 97% leased to a multi-tenant roll at below market rents. The property is well positioned in the Minneapolis CBD in the Downtown East submarket, the most active submarket in the MSA. There is a limited supply of Class A office in the CBD and Millwright is the only building of its kind in Downtown East. It offers convenient access to all of Minneapolis and is located near some of the city’s top recreational and entertainment destinations, including the new U.S. Bank Stadium for the Vikings professional football team.

Asking price: $53,800,000
CAP rate: 5.7%
Cash yield on equity in year one: 7.0%

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