Paul Buchmayer Of Encompass Properties LLC Acquires Office Buildings In Arden Hills For $13.8M

The property asset involved in this transaction consists of two office buildings located at 6 and 8 Pine Tree Drive, covering a total area of 118,693 square feet on 10.89 acres. The sale price for this property was $13,800,000, which translates to a price per square foot of approximately $116. This deal took place in the Arden Hills market of Minnesota.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,800,000
• Square Footage: 118,693
• Price Per Square Foot: $116
• Buyer: Paul Buchmayer - Encompass Properties LLC
• Seller: NorthPark CC LLC
• Brokers: Harrison Wagenseil & Ryan Watts - CBRE
• Acquired from: NorthPark CC LLC, an entity of Aniketos Capital Management LLC
• Year Built: 1985

This transaction featured Paul Buchmayer representing the buyer, Encompass Properties LLC, while the seller was represented by Harrison Wagenseil and Ryan Watts of CBRE. The deal included the acquisition of the properties situated in the NorthPark Corporate Center.