Hammes Partners Acquires Blaine Medical Office From MSP Commercial For $14.15M

The asset involved in this transaction is the Blaine Medical Building located at 11091 Ulysses Street Northeast, Blaine, MN. The property spans 33,399 square feet and was sold for a total of $14,150,000, translating to a price per square foot of $424.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $14,150,000
• Sale Date: 10/24/2025
• Buyer: Hammes Partners
• Seller: MSP Commercial
• Brokers: Louis Suarez, Misty Bowe, Tom O'Brien & Jordan Selbiger - Colliers

The deal was facilitated by brokers Louis Suarez, Tom O’Brien, Misty Bowe, and Jordan Selbiger from Colliers, who represented MSP Commercial, the seller. This transaction demonstrates the strong demand from investors for quality medical office spaces within the Twin Cities market.