Brisky Net Lease closed the sale of Process Displays in Golden Valley, Minnesota.
The single-tenant investment industrial property sold for $10.275 million. Broker Brian Brisky represented the buyer and Jordan Greenberg of SpaceNet Equities, LLC represented the seller in the sale of the property at 7125 Sandburg Road.
This passive industrial sale leaseback investment has a brand-new 15-year absolute NNN lease with zero landlord responsibilities, and annual rent increases. The entire building is currently occupied by Process Displays, a world-renowned design-to-build partner that crafts custom, future-forward brand solutions for some of the largest brands in retail.
The property has a strategic industrial location situated within a well-established industrial park, with access to key transportation corridors in the Twin Cities metro. The Twin Cities has a solid industrial market with vacancy rate of 4.2%, below the national avg of 7.6%. The pipeline for new industrial inventory in the market is limited and 82% is preleased according to CoStar.
