Joshua Ungerecht Of ExchangeRight Acquires Industrial Asset In Lakeville For $94.8M

The property asset involved in the transaction is an industrial facility located at 9800 217th Street West in Lakeville, Minnesota. The asset encompasses 72 acres and has a total square footage of 749,550. The sale amount for the property was $94,800,000, resulting in a price per square foot of $126.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $94,800,000
• Address: 9800 217th Street West
• Market: Lakeville, MN
• Acres: 72
• Square Footage: 749,550
• Price per Square Foot: $126
• Buyer: Joshua Ungerecht - ExchangeRight
• Seller: Anup Patel - Arch Street Capital Advisors
• Brokers: Judd Welliver & Bentley Smith - CBRE

This transaction highlights the involvement of key individuals, including Joshua Ungerecht representing ExchangeRight, and Anup Patel from Arch Street Capital Advisors as the seller. The brokerage team comprised Judd Welliver and Bentley Smith from CBRE, facilitating the process of this significant commercial sale.