Buligo Capital Acquires Penn Avenue South Industrial Facility In Bloomington For $15.4M

9231 Penn Avenue South

$15,400,000

$70/SF

Building Size

218,899 SF

Asset Type

Retail

Closing

Jun 1, 2023

AI

Midloch Investment Partners and Fountain Real Estate Capital have sold a last-mile industrial facility in Bloomington, Minnesota, to Buligo Capital for $15.4 million. The property, located at 9231 Penn Ave. South, spans 218,899 square feet and underwent capital improvements after being acquired by Midloch and Fountain in January 2022.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $15,400,000
Square Footage: 218,899
Address: 9231 Penn Avenue South
Market: Bloomington, Minnesota

Colin Ryan and Dave Berglund from JLL represented both the buyer, Buligo Capital, and the sellers, Midloch Investment Partners and Fountain Real Estate Capital, in this transaction.

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