100% Leased Office/Warehouse Building in Oakdale is Acquired by SR Realty Trust
December 14, 2017
A 100% leased office/warehouse building located in Oakdale, a suburb of Saint Paul, MN, was recently acquired by SR Realty Trust.
Hearing Components Inc., a manufacturer of noise canceling hearing tips, occupies the entire 32,800 square foot building on a long-term lease. The facility was built in 1997 and features 18’ clear heights and two loading docks.
The acquisition closed on December 14, 2017 and SR Realty Trust partnered on the acquisition with three individuals using proceeds from Section 1031 exchanges.