An industrial asset located at 7509 Boone Avenue North in Brooklyn Park, MN has been sold for $9,800,000. The property spans 119,000 square feet, translating to a price per square foot of $82. The acquisition entails an existing warehouse that is set for a significant expansion.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,800,000
• Buyer: Michael Conzemius - Scannell Properties
• Seller: Essendant Co
• Square Footage: 119,000
• Price Per Square Foot: $82
• Market: Brooklyn Park, MN

This transaction was carried out with Scannell Properties planning a 63,000-square-foot expansion of the warehouse, expected to be completed by fall 2026. The deal follows Scannell's recent major sale of warehouses in the Twin Cities Northwest submarket, reflecting ongoing industrial development in the area.