Enclave Acquires Maple Grove Industrial Center From Artis REIT & RFA Capital For $24.5M

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.