Big River Real Estate Sells Industrial Portfolio In Twin Cities For $25.2M With CBRE Representation

An undisclosed buyer acquired a four-property industrial portfolio located at 1420-1464 Cliff Road East, 1971 Seneca Road, 3830 Cheatham Avenue & 1441 First Avenue NW in the Twin Cities market encompassing Burnsville, Eagan, Minneapolis & New Brighton, MN. The properties total 220,244 square feet and were sold for $25,200,000, equating to $114 per square foot. At the time of sale, the assets were 94% leased.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25,200,000
• Square Footage: 220,244 SF
• Address: 1420-1464 Cliff Road East, 1971 Seneca Road, 3830 Cheatham Avenue & 1441 First Avenue NW
• Market: Burnsville, Eagan, Minneapolis & New Brighton, MN
• Seller: Big River Real Estate
• Brokers: Bentley Smith, Judd Welliver, Zachary Graham, Ryan Bain, Joseph Horrigan, Michael Caprile - CBRE
• Mortgage Brokers: Billy Mork & Mike Vannelli - CBRE

CBRE facilitated the transaction and arranged $15,000,000 in acquisition financing for the buyer, highlighting their role in supporting the deal's financial aspects while coordinating the sale of the portfolio.