A 2.19-acre industrial property located at 721 Lake Susan Drive in Chanhassen, Minnesota has been sold for $7.3 million. The transaction involved the sale of the Gateway Place Apartments, a 48-unit complex developed by Sand Companies Inc. This property garnered significant interest from potential buyers due to its well-maintained units and high occupancy rates.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,300,000
• Address: 721 Lake Susan Drive, Chanhassen, Minnesota
• Market: Chanhassen, Minnesota
• Acres: 2.19

Boisclair Corp, represented by Steve Michel and Heidi Addo of Michel Commercial, acquired the Gateway Place Apartments from Sand Companies Inc. The property's strong occupancy and desirable location contributed to the multiple offers received during the sale process. The price per unit for this transaction amounted to $152,083, reflecting the quality and value of the apartments.

It is worth noting that the Gateway Place Apartments sale attracted considerable attention in the market due to its well-maintained units and prime location in Chanhassen. Its sale price of $7.3 million reflects the property's favorable investment potential.