R&R Machinery Moving Co. Acquires Vacant Fridley Warehouse For $2.35M

R&R Machinery Moving Co. has acquired a vacant Fridley warehouse located at 7421 Commerce Lane Northeast in Minneapolis, Minnesota. The industrial property spans 2.52 acres and has a total square footage of 29,445. The transaction was completed for a sale price of $2,350,000, resulting in a price per square foot of $80.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $2,350,000
• Address: 7421 Commerce Lane Northeast, Minneapolis, Minnesota
• Market: Minneapolis, Minnesota
• Acres: 2.52

The buyer in this transaction is R&R Machinery Moving Co., while the seller is Commerce Lane Properties LLC. The deal was facilitated by Ben Youds and Alex Baron from Transwestern, who served as the brokers representing both parties.

Following Larsen's Manufacturing Co.'s relocation, R&R Machinery Moving Co. acquired the vacant warehouse. The purpose of the 29,445-square-foot property is to serve as a machinery storage facility and support R&R's operations in Fridley and New Hope.