MVK Capital Sells Cold Storage Facility In Inver Grove Heights For $8.6M To So Good So You

The property involved in the transaction is a 65,232-sf renovated cold storage facility located at 6085 Claude Way in Inver Grove Heights, MN, sitting on 4.93 acres. The sale price for the facility was $8,600,000, which translates to a price per square foot of $132. The asset type is classified as industrial.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,600,000
• Address: 6085 Claude Way
• Market: Inver Grove Heights, MN
• Seller: MVK Capital
• Acquisition Price by Seller: $5,450,000
• Year Acquired by Seller: 2024
• Entity Tied to Buyer: So Good So You

MVK Capital sold the property to an entity affiliated with So Good So You. Notably, MVK Capital undertook upgrades to the facility to accommodate increasing demand for cold storage in the Twin Cities following their acquisition of the property.