Fraser Acquires Former Slumberland Building In Bloomington For $4.25 Million

The property asset involved in this transaction is a former Slumberland building located at 7801 South Xerxes Avenue, Bloomington, MN. The asset is categorized as retail and has a total square footage of 35,000. The sale price for this property was $4,250,000, which translates to approximately $121 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,250,000
• Address: 7801 South Xerxes Avenue
• Market: Bloomington, MN
• Square Footage: 35,000
• Price Per Square Foot: $121
• Buyer: Diane S. Cross
• Buyer's Representative: Fraser

Fraser has plans to invest an additional $5–6 million to adapt the purchased property for clinical, career planning, and employment services, aiming for a September–October opening. This acquisition will consolidate Fraser's leased operations and enhance its capacity to expand autism and mental/behavioral health services within the community.