Mike Sturdivant Of Paster Properties Acquires Golden Valley Shopping Center For $17.5M

The retail asset located at 7900 Olson Memorial Hwy, Golden Valley, MN, entails a sale price of $17,500,000 for a space of 67,000 square feet, resulting in a price per square foot of $261.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,500,000
• Buyer: Mike Sturdivant - Paster Properties
• Seller: Trach Properties
• Broker: Matt Hazelton - JLL
• Square Footage: 67,000
• Price per Square Foot: $261
• Market: Golden Valley, MN
• Date of Sale: 06/24/2025

Paster Properties, represented by Mike Sturdivant, acquired the property from Trach Properties. The transaction marks the first sale since the original development of the Golden Valley Shopping Center in 1953. Plans for renovation are in place for the 85% occupied strip mall, with intentions to explore the addition of a grocer as an anchor tenant.