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Midloch Investment Partners & Fountain Real Estate Capital Acquire Industrial Property In Golden Valley

Property Image
SOLD
$11,900,000

Minnesota

See Similar Deals
Industrial123,608 SF
Sold 05/13/2024
the dealdetailscomps
Property Image
SOLD

Midloch Investment Partners & Fountain Real Estate Capital Acquire Industrial Property In Golden Valley

1000 Boone Avenue North

See Similar Deals
Industrial123,608 SF
Sold 05/13/2024
the dealdetailscomps

Summary

MINNESOTA
Asset Type:Industrial
Price Per Square Foot:$96
Total Square Footage:123,608 SF
Transaction Type:Sale

The Boone Plaza, a 123,608-square-foot industrial flex property in Golden Valley, Minnesota, has been sold for $11.9 million. The property, situated on 10 acres at 1000 Boone Avenue North, is fully leased to 16 tenants, including notable companies like General Mills, Gonyea Custom Homes, and Schlage Lock Co.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,900,000
  • Market: Golden Valley, Minnesota
  • Square Footage: 123,608
  • Price per Square Foot: $96
  • Buyer: Andrew Sinclair - Midloch Investment Partners; Mike Wilhelm - Fountain Real Estate Capital

Midloch Investment Partners and Fountain Real Estate Capital are the key players behind the acquisition of Boone Plaza. Fountain Real Estate Capital will assume the leasing responsibilities for the property following the purchase.

Details

SOLD
IMAGE: 05/13/2024 ADDRESS: 1000 Boone Avenue North MARKET: Golden Valley, Minnesota ASSET TYPE: Industrial ~ ACRES: 10 BUYER: Andrew Sinclair - Midloch Investment Partners; Mike Wilhelm - Fountain Real Estate Capital SALE PRICE: $11,900,000 SF: 123,608 ~ PPSF: $96 NOTE: Midloch Investment Partners and Fountain Real Estate Capital have purchased Boone Plaza, a 123,608-square-foot industrial flex property located in Golden Valley, a suburb of Minneapolis, for $11.9 million. The property, fully leased to 16 tenants including General Mills, Gonyea Custom Homes, and Schlage Lock Co., sits on 10 acres at 1000 Boone Ave. North near the General Mills headquarters. Fountain Real Estate Capital will handle leasing responsibilities for the property moving forward.

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