A 252,438-square-foot industrial building located at 1890 Woodlane Drive in Woodbury, MN was sold for $7.35 million. The property sits on 25.2 acres and was acquired in cash, marking a significant transaction in the industrial asset market of the area.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,350,000
• Address: 1890 Woodlane Drive
• Market: Woodbury, MN
• Acres: 25.2
• Buyer: Superior 3rd Party Logistics Inc
• Seller: David F. Bolger Revocable Trust
• Buyer’s Representative: Nick Carmichael - Capital Commercial Partners
• Seller’s Representatives: Bryan Van Hoof, Nate Przytarski & Sam Manke - CBRE
• Square Footage: 252,438
• Price Per Square Foot: $29

Superior 3rd Party Logistics Inc. aims to expand its warehouse capacity through this purchase. The buyer is planning extensive renovations to the vacant facility, which adds a strategic layer to their operational goals. The diverse team from CBRE, including Bryan Van Hoof, Nate Przytarski, and Sam Manke, facilitated the seller side of this transaction, highlighting their expertise in managing complex property deals.