Peter Mork Of Capital Partners Acquires Amazon-Leased Industrial Center In Brooklyn Park For $32M

An industrial asset located at 9001 Wyoming Avenue North in Brooklyn Park, MN, was sold for $32,000,000. This property encompasses a total area of 382,600 square feet, translating to approximately $84 per square foot. The property is currently leased to Amazon, with about 3 years and 9 months remaining on the lease agreement.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $32,000,000
• Sale Date: 03/20/2025
• Address: 9001 Wyoming Avenue North
• Market: Brooklyn Park, MN
• Square Footage: 382,600 SF
• Price Per Square Foot: $84
• Buyer: Peter Mork - Capital Partners
• Seller: Brooklyn Park Paper LLC
• Brokers: Bentley Smith & Judd Welliver - CBRE

Peter Mork represented Capital Partners in this transaction, acquiring the property from Brooklyn Park Paper LLC, which had purchased the asset in 2003 for $21.35 million. The transaction showcases the ongoing activity within the industrial market and the significance of long-term leasing arrangements with major companies such as Amazon.