SRRT Shakopee, LLC Acquires Shakopee Retail Property For $4.4M

The Goodwill store located at 4450 12th Avenue East in Shakopee, MN, spanning 2.54 acres, was recently sold in a cash transaction for $4.4 million. The sale price reflects a rate of $214 per square foot. The transaction was facilitated by brokers Cory Villaume and Matt Hazelton of JLL, representing the seller MDSC2015, LLC, with the buyer being SRRT Shakopee, LLC.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,400,000
• SF: 20,600
• Address: 4450 12th Avenue East, Shakopee, MN
• Market: Shakopee, MN
• Buyer: SRRT Shakopee, LLC
• Seller: MDSC2015, LLC
• Brokers: Cory Villaume & Matt Hazelton - JLL

Notably, the Goodwill store sale in Shakopee, MN, amounting to $4.4 million, was a cash transaction acquired by SR Realty Trust in Minneapolis. Cory Villaume and Matt Hazelton of JLL expertly represented the seller in this transaction.