Lakefront Office Plaza

East Lang Ellis, as exclusive advisor, is pleased to present the exceptional opportunity to acquire the fee simple interest in Lakefront Office Plaza (the “Property”), a best-in-class office asset in the highly desirable Duluth CBD along the Duluth lakefront. This premier property, built in 1988 and renovated in 2008, consists of two Class A, 6-story, multi-tenant office buildings and offers expansive lake and city views.

Currently 92% leased, the Property generates strong in-place income from a solid roster of gross lease tenants including Riley Industries (48% of NRA), Jones Hampton (22% of NRA), Bob’s Seafood Exports (14% of NRA), and Duluth Realty Inc (8% of NRA). The property has been consistently 90%+ leased since its most recent renovation in 2008.

Investment Highlights

  • The Premier Asset in the Market
  • Diversified Rent Roll with Strong In-Place Income
  • Near-Term Upside Potential with 70% of NRA at below-market rents

* This content is fictional. Lakefront Office Plaza is NOT a real property.

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