Industrial W Minnesota

Paramount Real Estate Corporation sells sells 98,000-square-foot office/warehouse property in Minnesota

  

Fred Hedberg, principal, and John Young, vice president, both with Paramount Real Estate Corporation/TCN Worldwide, recently represented MMC Property in the sale of a 98,000-square-foot office-warehouse/manufacturing building in Waconia, Minnesota.

The property is located at 1400 Mill Lane and sits on 16.62 acres of land. It is fully leased to one tenant.

The building sold for $4.35 million, with the sale closing on Sept. 27. Paramount also found the buyer, Eden Trace Corporation, a private-investment entity from Minneapolis.