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Trautz Properties Inc Acquires Northtown Retail Center In Blaine For $4.7M

Property Image
SOLD
$4,700,000
Mark Robinson
Amy Senn
Bryce Thompson
+ 2

Minnesota

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Retail10,034 SF
Sold 03/19/2024
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Property Image
SOLD

Trautz Properties Inc Acquires Northtown Retail Center In Blaine For $4.7M

599 Northtown Drive Northeast

See Similar Deals
Retail10,034 SF
Sold 03/19/2024
Mark Robinson
Amy Senn
Bryce Thompson
+ 2
the dealplayerscompscontact
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Summary

MINNESOTA
Asset Type:Retail
Price Per Square Foot:$468
Total Square Footage:10,034 SF
Transaction Type:Sale

The Northtown Retail Center, a fully leased 10,034-square-foot retail property located at 599 Northtown Drive Northeast in Blaine, MN, was sold for $4.7 million. The asset was acquired by Trautz Properties Inc from 4th Dimension Properties in a recent transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,700,000
  • SF: 10,034
  • PPSF: $468
  • Address: 599 Northtown Drive Northeast
  • Market: Blaine, MN
  • Buyer: Trautz Properties Inc
  • Seller: 4th Dimension Properties

Amy Senn, Bryce Thompson, and Mark Robinson of Mid-America Real Estate Group represented the buyer, Trautz Properties Inc, in the transaction. On the seller's side, Greg Zimmerman and Marc Mandell from Forged Real Estate facilitated the deal, ensuring a successful transfer of ownership for the Northtown Retail Center.

Players

Mark Robinson
Mid-America Real Estate Group
Mark Robinson
2 deals$8M volume(952) 563-6664
BROKER
Amy Senn
Mid-America Real Estate Group
Amy Senn
5 deals$37.5M volume(651) 983-4861
BROKER
Bryce Thompson
Mid-America Real Estate Group
Bryce Thompson
4 deals$27.2M volume
BROKER
Marc Mandell
Forged Real Estate
Marc Mandell
2 deals$11.7M volume
BROKER
Greg Zimmerman
Forged Real Estate
Greg Zimmerman
1 deal$4.7M volume
BROKER

Details

SOLD
IMAGE: 03/19/2024 ADDRESS: 599 Northtown Drive Northeast MARKET: Blaine, MN ASSET TYPE: Retail BUYER: Trautz Properties Inc SELLER: 4th Dimension Properties BUYER'S REP: Amy Senn, Bryce Thompson & Mark Robinson - Mid-America Real Estate Group SELLER'S REP: Greg Zimmerman & Marc Mandell - Forged Real Estate SALE PRICE: $4,700,000 SF: 10,034 ~ PPSF: $468 NOTE: Northtown Retail Center, a fully leased 10,034-square-foot retail center adjacent to Northtown Mall in Blaine, sells for $4.7 million, with Edina-based Trautz Properties Inc. acquiring the property from 4th Dimension Properties.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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