Commercial

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.


UNITED STATES

NNN Amazon – Ocala, FL
3400 NW 35th St., Ocala, FL 34475

Amazon Logistics Center is a brand new, state-of-the-art construction, 617,055-square foot distribution facility. It is 100% NNN leased to Amazon Services, LLC for 10 years beginning August 1, 2020 following the building’s completion. The property is strategically located in Central Florida in the city of Ocala. The market is a rapidly expanding distribution hub for the State of Florida and the South Eastern U.S. due to its superior location. Well positioned with frontage along I-75 and proximity to other major highways, it offers the ability to reach the entire region within one day.

Asking price: $57,800,000
CAP rate: 4.8%
Cash yield on equity in year one: 6.6%

———————————–

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%

———————————–

Mixed Use – Upper West Side, NY
57 W 86th St, New York, NY 10024

Located half a block from Central Park West, 57 West 86th Street is a mixed used building comprised of 13 units in total. The 12 residential units (all free market except one) consist of 2 x Studios, 9 x 1-BR and 1 x 2-BR; average rent around $60 / sqft. The retail unit is 100% occupied by long-time tenant J.P. Morgan Chase, with a current lease through July 2024 (at $140 / sqft.). Approx. 30,000 sqft. of additional air rights.

Asking price: $12,800,000
CAP rate: 6.0%

———————————–

NNN Amazon – Santa Barbara, CA
1001 State St, Santa Barbara, CA 93101

This landmark building of approx. 43,000 sqft. (4,000 m²), renovated in 2019, is 100% NNN leased to Amazon Services (9+ years remaining term). Amazon invested $14M in a complete renovation of the property in 2019, following $6M in initial capital improvements by the current ownership. The property has a premier location on a prominent corner in the heart of Downtown Santa Barbara, which recently became a technology hub.

Asking price: $38,400,000
CAP rate: 4.6%
Cash yield on equity in year one: 5.5%


FRANCE

La Perle d’Eze
244 avenue de Verdun, Èze 06360

La Perle d’Eze of approx. 24,692 sqft., build in 2006 and renovated in 2020, is a Tourism Residence (French status that opens many options, and can also have an official rating of the residence). This exceptional property includes 48 apartments with 10 studios, 16 x 1-BR, 22 x 2-BR and 50 car parks. In addition to its breathtaking view of the sea, the residence features swimming pool, reception area and 2 elevators. Each unit has AC and an outdoor area (garden / terrace). Strategically located between Monaco and Nice, the village of Eze is at the very heart of the French Riviera or Côte d’Azur.

Sale price: 23 552 000 €

Contact us for more information