The transaction involved the sale of two newly built retail pad properties with drive-thrus located at 3574-3582 Main Street Northwest & Round Lake Boulevard in Coon Rapids, MN. The properties encompass a total area of 2.49 acres and have a sale price of $8,180,000. The total square footage for the assets is 10,190, which results in a price per square foot of $803.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $8,180,000
• Acres: 2.49
• Square Footage: 10,190
• Price per Square Foot: $803
• Buyer: Curbline Properties
• Seller: TOLD Development Company
• Brokers: Bill Asher & Jeff Lefko - Hanley Investment Group; Jeff Jiovanazzo & Robert Wise - CBRE

Jeff Lefko and Bill Asher represented the seller, TOLD Development Company, in the transaction. The sale was brokered by Hanley Investment Group, highlighting the involvement of notable brokerage professionals in this deal. Curbline Properties completed the acquisition, marking a significant transaction in the Coon Rapids retail market.