The property involved in this transaction is an industrial asset located at 9300 Winnetka Avenue North in Brooklyn Park, MN. This asset spans 78,215 square feet and was sold for $11,500,000, resulting in a price per square foot of $147. The property features long-term tenants including Southern Graphics Systems and Twin Cities Habitat for Humanity.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,500,000
• Square Footage: 78,215
• Address: 9300 Winnetka Avenue North
• Market: Brooklyn Park, MN
• Buyer: i3 Investors
• Seller: Water Street Partners
• Brokers: Bentley Smith & Judd Welliver - CBRE

The transaction was significant as it marked the exit of Water Street Partners from the property, which they acquired in 2018 for $10 million. The strong lease terms and limited availability of Class B light industrial properties contributed to the successful sale.