Kooka Properties LLC Acquires Industrial Property In Bethel For $2.3M

The industrial property located at 23530 University Avenue Northwest in Bethel, MN, spanning 4.35 acres, was sold for $2.3 million. The transaction involved a 36,000-square-foot building with office and manufacturing space, at a price of $64 per square foot. The buyer, Kooka Properties LLC, acquired the property from the seller, FabFam LLC.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,300,000
• Address: 23530 University Avenue Northwest, Bethel, MN
• Market: Bethel, MN
• Buyer: Kooka Properties LLC
• Seller: FabFam LLC
• Buyer's Rep: Richard Lee - Premier Commercial
• Seller's Rep: Maria Vannelli - Labelle Real Estate Group

Richard Lee from Premier Commercial represented Kooka Properties LLC as the buyer's representative in the deal, while Maria Vannelli from Labelle Real Estate Group represented FabFam LLC as the seller's representative. The sale of the former Chandler Industries plant in Bethel was finalized on 05/14/2024. The property became available after Chandler Industries relocated to a new facility in Blaine.