Curbline Properties Corp. Acquires Retail Center In Arden Hills For $18 Million
3833 Lexington Avenue North
$18,000,000
$557/SF
Building Size
32,318 SF
Asset Type
Retail
Closing
Sep 15, 2026
About this deal
AI
Curbline Properties Corp. has acquired a retail center located at 3833 Lexington Avenue North in Arden Hills, MN. The property, known as Lexington Station, encompasses 32,318 square feet and consists of two buildings. The sale price for this transaction was $18 million, translating to approximately $557 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,000,000
- Square Footage: 32,318
- Address: 3833 Lexington Avenue North
- Market: Arden Hills, MN
- Buyer: Curbline Properties Corp.
- Broker: Amy Senn - Mid-America Real Estate Group
This transaction highlights the role of Mid-America Real Estate-Minnesota, which represented the seller in this off-market deal. The seller, Nicholas Roberts, had owned and developed the property since 2014, and this acquisition marks the fifth in Minnesota for Curbline Properties.
On the Map
$18,000,000
$557/SF
Retail
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Players
Avenue Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93