I3 Investors Acquires Nicollet Business Center In Burnsville For $12.75M | 12125 Nicollet Avenue South | Judd Welliver, Bentley Smith | Industrial | Sale

Summary

Sale

MINNESOTA

Industrial

118,000 sqft

The Nicollet Business Center, located at 12125 Nicollet Ave in Burnsville, Minnesota, was sold for $12,750,000. The industrial property spans 12 acres and consists of approximately 118,000 square feet. The transaction, which took place on April 23, saw the facility being acquired by I3 Investors for roughly $107 per square foot.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $12,750,000
Buyer: Matt Dickerson - I3 Investors
Seller: Peter Mork - Capital Partners; David Luski - DRA Advisors
Brokers: Bentley Smith & Judd Welliver - CBRE
Market: Burnsville, Minnesota
Square Footage: 118,000
Price per Square Foot: $108

The sale of the Nicollet Business Center was facilitated by CBRE Senior Vice President Bentley Smith and partner Judd Welliver. The buyers, I3 Investors, are based in Indianapolis, while the sellers were Capital Partners of Edina and DRA Advisors of New York.

Players

All
3

Agents
2
Agencies
1

Judd Welliver

Executive Vice President

$89.2M Sold

Bentley Smith

Senior Associate

$89.2M Sold

CBRE

Details

Deal Summary

SOLD

IMAGE: 04/23/2024 ADDRESS: 12125 Nicollet Avenue MARKET: Burnsville, Minnesota ASSET TYPE: Industrial ~ ACRES: 12 BUYER: Matt Dickerson - I3 Investors SELLER: Peter Mork - Capital Partners; David Luski - DRA Advisors BROKERS: Bentley Smith & Judd Welliver - CBRE SALE PRICE: $12,750,000 SF: 118,000 ~ PPSF: $108 NOTE: The Nicollet Business Center, located at 12125 Nicollet Ave., was sold for $12.75 million in a transaction that closed on April 23. The buyer, I3 Investors based in Indianapolis, acquired the approximately 118,000-square-foot facility at a price of approximately $107 per square foot. The sellers were Capital Partners of Edina and DRA Advisors of New York, with CBRE Senior Vice President Bentley Smith and partner Judd Welliver brokering the sale.

View on map

Address12125 Nicollet Avenue South

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want