Tile Superstore & More Sold In Rochester To Utah Buyers For $4.77M

The property involved in the transaction is a 66,085-square-foot retail building located at 2411 7th Street Northwest in Rochester, Minneapolis. The sale price for this asset was $4,770,000, translating to approximately $72 per square foot. The property sits on a spacious 8.36-acre lot and was acquired by Gary Todd, Shannon Heather Evans, and Cobra ABCL LLC from the seller, LSNM Properties LLC. The building is fully leased to Tile Superstore, Hajoca Corp., and The Yard.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $4,770,000
• Buyer: Gary Todd, Shannon Heather Evans & Cobra ABCL LLC
• Seller: LSNM Properties LLC
• Brokers: Jeff Brown, Mike Zirbes & Paul Aronhalt - NorthRock Real Estate
• Address: 2411 7th Street Northwest, Rochester, Minneapolis
• Market: Rochester, Minneapolis
• Acres: 8.36

The acquisition of the Tile Superstore & More in Rochester for $4.77 million involved the representation of the buyers by Mike Zirbes, Jeff Brown, and Paul Aronhalt from NorthRock Real Estate. The buyers, including entities linked to three Utah buyers, made this purchase slightly exceeding the listing price. The property, fully leased to three tenants as mentioned before, showcases a successful transaction in the retail real estate market.