Blaine Flex Space Development
Overview
Raich Companies is preparing the development of a 30,000-square-foot flex space building in Blaine, Minnesota. This project is designed to meet increasing demand from small businesses, contractors, and service-based operators seeking modern, high-quality flex space in the North Metro.
The Blaine submarket continues to experience strong population and business growth, while the supply of new, functional flex space remains limited. This creates a compelling opportunity to deliver a well-located, multi-tenant asset positioned for strong lease-up and long-term value.
Investment Highlights
- 30,000 SF new construction flex building
- High-growth Blaine submarket with limited new supply
- Designed for multi-tenant flexibility and strong absorption
- Experienced development team with aligned co-investment
- Structured similarly to Raich Companies’ residential development offerings
Status: Coming Soon
Asset Type: Flex Industrial / Commercial Development
Location: Blaine, Minnesota
Building Size: 30,000 SF
Equity Raise: $1,000,000
Minimum Investment: $100,000
Projected Hold: 18–30 months
Target IRR: 15–22%
Preferred Return: 8%
Business Plan
- Acquire and develop strategically located site in Blaine
- Construct modern multi-tenant flex/industrial building
- Lease to local and regional small-business tenants
- Stabilize and pursue refinance or disposition
- Return investor capital with preferred return and profit participation
Investor Structure (Anticipated)
- 8% preferred return
- Profit participation above preferred return
- Target IRR consistent with Raich Companies development projects
- Principal co-investment alongside investors
Project Timeline
- Final planning and pre-development: In progress
- Investor allocation: Opening soon
- Construction start: 2026
- Stabilization: 18–30 month projected hold
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Current Investment Opportunities
Our portfolio features a diverse array of properties, each contributing long-term value to their respective communities. From custom luxury homes in Edina to comfort plus residences in Blaine, we provide a comprehensive range of options to meet all your needs.
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