The property asset involved in the transaction is a retail space located at 5621-5695 Duluth Street in Golden Valley, MN. The sale was finalized on 10/08/2024 with a total sale price of $8,400,000. This retail asset spans 43,404 square feet and is situated on 4.69 acres. Key tenants at the location include Lunds & Byerlys and Walgreens.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,400,000
• Address: 5621-5695 Duluth Street
• Market: Golden Valley, MN
• Square Footage: 43,404 SF
• Price Per Square Foot: $194
• Buyer: Spring Gate Properties LLC
• Seller: Olympik Spring Gate LLC
• Buyer's Representative: Brad Kaplan & Chad Anvary - Transwestern
• Seller's Representatives: Amber Vickerman, Skip Melin & Deb Carlson - Cushman & Wakefield

The deal involved representation by Transwestern for the buyer, Spring Gate Properties LLC, while Cushman & Wakefield represented the seller, Olympik Spring Gate LLC. This transaction marks a significant acquisition for the buyer, expanding their portfolio in the Golden Valley market.