Property details
Shoreview, minnesota
Hill Rom
Investment type
Net Lease
Asset Class
Industrial
Ownership Structure
Tenancy In Common (TIC)
Year Acquired
2018
Investment Summary
The Property consists of a two-story, approximately 101,497 square foot office/light industrial building located on approximately 6.6754 acres at 1020 West County Road F, Shoreview, Minnesota.
The property is used by Hill Rom for management personnel, medical insurance and billing professionals, and skilled nursing staff providing direct customer assistance for Hill Rom’s products, as well as meeting/conference rooms and other employee common areas. The remainder of the property is used for product development and distribution, and assembly of medical devices for respiratory and cystic fibrosis products.
Syndicated structured its acquisition as a Tenancy In Common (TIC) to accommodate investors completing a Section 1031 Exchange.
