Updated Dec 30, 2025
Enclave Acquires Maple Grove Industrial Center From Artis REIT & RFA Capital For $24.5M
9200 Forestview Lane North & 9155 Cottonwood Lane North
$24,500,000
$47/SF
Building Size
255,501 SF
Asset Type
Industrial
Closing
Dec 30, 2025
About this deal
AI
The property involved in this transaction is a 255,501-square-foot industrial asset located at 9200 Forestview Lane North and 9155 Cottonwood Lane North in Maple Grove, MN. The sale price was $24,500,000, with a price per square foot of $96. The asset comprises two buildings situated on 13.8 acres and is fully leased to Malark Logistics and Avonix Imaging.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $24,500,000
- Square Footage: 255,501
- Address: 9200 Forestview Lane North & 9155 Cottonwood Lane North
- Market: Maple Grove, MN
- Broker Representatives: Judd Welliver & Bentley Smith - CBRE
- Buyer: Enclave
- Seller: Artis REIT & RFA Capital
Artis REIT and RFA Capital executed the sale of the Maple Grove Industrial Center, with CBRE acting as the representative for the sellers. Enclave participated in this transaction as the buyer and was self-represented.
On the Map
$24,500,000
$47/SF
Industrial
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Players
Maple Grove Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93