Taurus Investment Holdings Acquires 16 Distribution Centers Portfolio For $75 Million In Minnesota
Minnesota
See Similar DealsTaurus Investment Holdings Acquires 16 Distribution Centers Portfolio For $75 Million In Minnesota
1160 Red Fox Road, 1235 Red Fox Road, 1253 Red Fox Road, 1928 West County Road C, 1965 County Road C2 West & 565 Shoreview Park Road, Shoreview
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Taurus Investment Holdings acquired an industrial portfolio consisting of 16 distribution centers located at several addresses, including 1160, 1235, 1253 Red Fox Road; 1928, 1950 County Road C W; 1965 County Road C2 W; 565 Shoreview Park Road; 605 W County Road East; 1374 E County Road East; and 1700, 1800, 1805, 1825, 1851, 1871 Buerkle Road & 20998 134th Ave. The total sale price was $75 million, resulting in a price per square foot of $118 for the entire 636,000-square-foot asset. The portfolio is situated within the markets of Arden Hills, Roseville, Shoreview, Vadnais Heights, White Bear Lake, and Rogers, MN.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $75,000,000
- Buyer: Taurus Investment Holdings
- Seller: Onward Investors
- Broker Representatives: Bentley Smith & Judd Welliver - CBRE
- Total Square Footage: 636,000
- Price Per Square Foot: $118
- Location: Arden Hills, Roseville, Shoreview, Vadnais Heights; White Bear Lake & Rogers, MN
Onward Investors was the seller in this transaction, as Taurus Investment Holdings acquired the industrial portfolio for investment purposes. Bentley Smith and Judd Welliver from CBRE represented the parties in this deal, facilitating the transaction between the buyer and the seller.
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