Property details
Minnetonka, Minnesota
Abbott Laboratories Bio-Medical Portfolio
Investment type
Net Lease
Asset Class
Industrial
Ownership Structure
Tenancy-In-Common (TIC)
Year Acquired
2017
Investment Summary
The property consists of four one-story buildings comprising the Minnetonka Abbott Campus: 14901 Deveau Place, 14581 Deveau Place, 14900 Minnetonka Industrial Road and 3700 Williston Road.
The Property features ISO certification 7 or better clean room space for medical device manufacturing and prototype development of catheters associated with cardiovascular and atrial fibrillation. The Property also provides adjacent tech support areas and general office space.
Syndicated structured its acquisitions as a Tenancy-in-Common (TIC) to accommodate investors completing a Section 1031 Exchange.
