Horizon Fitness Acquires William Hill Business Center In Saint Paul For $6.325M

The property asset involved in this transaction is an industrial facility located at 735 Olive Street, Saint Paul, MN, covering an area of 3.19 acres. The sale price for this asset was $6,325,000, and it has a total square footage of 52,317. This property features 45,160 square feet of warehouse space and has recently undergone renovations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,325,000
• Address: 735 Olive Street, Saint Paul, MN
• Asset Size: 3.19 acres
• Total Square Footage: 52,317
• Sale Price per Square Foot: $121
• Buyer: Olive Street Holdings LLC
• Seller: Willowick Properties
• Brokers: Eric Batiza & Jack Nei - JLL; Jake Kelly - Cushman & Wakefield

This transaction involved key individuals including buyers from Olive Street Holdings LLC and representatives from both JLL and Cushman & Wakefield. The facility acquired will serve as a replacement for Horizon Fitness’s leased location in Eagan, reinforcing the buyer's investment in newly renovated industrial spaces in the region.