Graco Minnesota Acquires Industrial Property In Andover For $3M

The property involved in this transaction is located at 1138-1140 Bunker Lake Boulevard Northwest in Andover, MN. This industrial property spans approximately 2.72 acres and was recently sold.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $3,000,000
• Square Footage: 33,300
• Price per Square Foot: $90
• Address: 1138-1140 Bunker Lake Boulevard Northwest, Andover, MN
• Market: Andover, MN

The buyer, Mark W. Sheahan representing Graco Minnesota, acquired these two adjacent buildings, totaling 33,300 square feet of warehouse space, for a cash amount of $3 million. Graco already occupies 10.16 acres for its Graco Lubrication Equipment Division operations in Anoka.