Cray Plaza

380 Jackson Street,  St. Paul, MN 55101

 

Pricing

Offering Price:
$20,000,000
Price Per SQFT:
$91
 

Property Information

Occupancy:
80.21% as of September 2013
Year Built:
1984
Building Size:
219,313 SF
Initial Cap Rate:
8.71%
 


 

Investment Highlights

Priced Well Below Replacement Cost: Cray Plaza, offered at $91 PSF, is a significant reduction to current replacement cost, today, likely to be well over $200 PSF.

Below Grade Parking: Not only does the 415 below grade professionally managed parking facility act as an inducement for existing and new tenants to choose Cray Plaza, this income stream is incredibly resilient.

Superior Location: Cray Plaza is situated on and has sweeping views of Mears Park, a unique CBD urban park. The Property has three (3) skyway connections providing ease of access to the Central Business District.

World Recognized Namesake and Largest Tenant: Cray, Inc., a pioneer in supercomputing, occupies 61,899 square feet under a lease through April, 2020.

Desirable Tenant Roster: The tenant line-up is an impressive mix of governmental agencies and corporate users.

Numerous Amenities: The tenants and public can take advantage of Faces, a restaurant with panoramic views of Mears Park, enjoy a workout at the YMCA, park their vehicle in a below grade controlled environment and meet friends and colleagues at the many nearby bars and restaurants for happy hour and other social gatherings.









Agent Info

Listing Agent(s):

Bob Pounds
Email:
Phone: 952.897.7753
Fax: 952.842.7753

Tim Prinsen
Email:
Phone: 952.897.7748
Fax: 952.842.7748

Amy Senn
Email:
Phone: 952.897.7833
Fax: 952.842.7833

 
  
COLLIERS INTERNATIONAL
4350 Baker Road, Suite 400
Minnetonka, MN 55343

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