East Blaine Community Center Acquires Office In Blaine For $4.05M

An office building spanning 46,800 square feet located at 3680 Pheasant Ridge Drive NE in Blaine, Minnesota was recently sold for $4,050,000, resulting in a price per square foot of $87. The transaction took place between the seller, M5 Built Holdings – Blaine, LLC, and the buyer, East Blaine Community Center. The buyer was represented by Kate Gillette and Mark Evenson of Avison Young, while the seller was represented by Eric Rapp from Transwestern.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $4,050,000
• Address: 3680 Pheasant Ridge Drive Northeast
• Market: Blaine, Minnesota
• SF: 46,800
• PPSF: $87

Transwestern Real Estate Services facilitated the sale of the property, with Senior Vice President Eric Rapp acting as the seller's representative. The buyer, East Blaine Community Center, plans to renovate the office building into a religious community center, utilizing its classrooms and gathering spaces for this purpose.