10740 Lyndale Ave S
Acquired at $3.4M with below-market occupancy and legacy gross leases. Executed aggressive leasing strategy to fill vacant suites to near 100%. Systematically converted every gross lease to Triple Net upon renewal — shifting all expenses to tenants.
- Occupancy driven to near 100%
- All leases converted Gross → Triple NNN
- Operating expenses eliminated from ownership
6800 78th Ave N
Acquired with all gross leases in place. Space measurement study revealed 11% of the building's square footage was unaccounted for and unbilled. Converted all tenants to Triple NNN — recovering lost revenue and eliminating operating expense exposure.
- 11% unbilled SF discovered and recovered
- All leases converted Gross → Triple NNN
- Full revenue correction executed
2330 County Road 137
Acquired at 65% vacancy. Signed three new tenants during due diligence. Demised a 20,000 SF vacant space into two 10,000 SF suites. Added truck parking on underutilized land — additional income with zero capital investment.
- 35% → 100% occupancy
- 3 tenants signed during due diligence
- 20,000 SF demised into 2 × 10,000 SF suites
2800 1st Ave S
Sourced entirely off-market. Acquired vacant and in poor condition, requiring complete rehabilitation to meet federal standards. Full exterior and interior renovation. Secured a 10-year USDA anchor lease providing government-backed income stability. Leased three additional small bays, achieving full occupancy.
- Off-market — never listed
- Full building rehabilitation
- 10-year USDA anchor + 3 additional tenants
1101 2nd Street S
Negotiated seller escrow holdback for immediate CapEx. Full roof replacement. Space measurement study corrected CAM billing. Converted long-vacant second floor into private office suites. Utility audit recovered lost revenue.
- Seller escrow holdback for CapEx
- CAM billing corrected via space measurement
- Vacant 2nd floor converted to office suites
152460 Valley Inn Way — Jiffy Lube
Acquired above-market cap rate as an accelerated depreciation and tax efficiency play. Absolute Triple NNN lease with 11+ years remaining. Corporate guarantee by Jiffy Lube International. Five 5-year renewal options with 10% rent bumps.
- 11+ years remaining on NNN lease
- Corporate guarantee — Jiffy Lube International
- Accelerated depreciation tax strategy
4141 150th St NW
Structured as a sale leaseback with a 20-year Absolute Triple NNN lease and corporate guarantee. Prime I-94 corridor location — ideal for truck and logistics tenants. Zero landlord responsibilities.
- 20-year Absolute NNN
- Corporate guarantee
- Prime I-94 location — zero landlord responsibilities
1017 Olive St
Acquired at a significantly low cost basis in a historic building with strong architectural character. The low basis enables competitive below-market lease rates — a built-in leasing advantage regardless of market conditions.
- Significantly below-market basis
- Historic building — strong tenant appeal
- Competitive lease rates as a leasing advantage
15708 Industrial Blvd
Acquired below market per SF via sale leaseback with a 10-year Absolute Triple NNN lease. Seller escrow holdback funded immediate CapEx — roof replacement and parking lot.
- Acquired below market per SF
- 10-year Absolute Triple NNN
- Seller escrow holdback for CapEx
4560 112th St NW
7-year Absolute NNN lease in place — zero landlord responsibilities and consistent passive income. Strategically expands a growing portfolio of small-bay industrial holdings in the greater Twin Cities market.
- 7-year Absolute NNN
- Twin Cities industrial portfolio expansion
- Zero landlord responsibilities
LifeStance Health
Publicly traded national tenant. 2 blocks from Main Street, across from a school. Shifted utility liabilities to tenant at renewal. Space measurement study unlocked additional rentable SF.
- National publicly traded tenant
- Utilities shifted to tenant at renewal
- Space measurement study added rentable SF
7401 Ridgewood Rd
Part of our growing commercial portfolio in the St. Cloud market.
- Commercial / Multi-Tenant
- St. Cloud market
- Active asset
15023 N Pima Road — Life Storage
Passive investment in a nationally tenanted Life Storage facility in Scottsdale, Arizona. Prime Phoenix metro location with strong demographic fundamentals. Geographic diversification beyond the Midwest core portfolio.
- National tenant — Life Storage
- Prime Scottsdale / Phoenix Metro location
- Geographic diversification beyond Midwest