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

Property Image
SOLD
$24,500,000
Judd Welliver
Bentley Smith

Minnesota

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Industrial511,002 SF
Sold 12/30/2025
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Property Image
SOLD

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

9200 Forestview Lane North & 9155 Cottonwood Lane North

See Similar Deals
Industrial511,002 SF
Sold 12/30/2025
Judd Welliver
Bentley Smith
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Summary

MINNESOTA
Asset Type:Industrial
Price Per Square Foot:$47
Total Square Footage:511,002 SF
Transaction Type:Sale

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.

Players

Judd Welliver
CBRE
Judd Welliver
27 deals$1.8B volume
BROKER
Bentley Smith
CBRE
Bentley Smith
25 deals$1.8B volume
BROKER
AR
Artis REIT
SELLER

Details

SOLD
IMAGE: 12/30/2025 ADDRESS: 9200 Forestview Lane North & 9155 Cottonwood Lane North MARKET: Maple Grove, MN ASSET TYPE: Industrial BUYER: Enclave SELLER: Artis REIT & RFA Capital BROKERS: Judd Welliver (@JWelliver33) & Bentley Smith - CBRE SALE PRICE: $24,500,000 SF: 255,501 ~ PPSF: $96 NOTE: Artis REIT and RFA Capital sold the 255,501-square-foot Maple Grove Industrial Center in Maple Grove, Minn., to Enclave for $24.5 million. The two-building, 13.8-acre property is 100% leased to Malark Logistics and Avonix Imaging, with CBRE representing the seller and Enclave self-represented.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99