CBRE Capital Markets recently arranged the sale of the Wilfred Distribution Center, a 335,400-square-foot Class-A industrial distribution facility in Rogers, Minnesota, to an institutional buyer for $20.425 million.
The Wilfred Distribution Center, located 24 miles northwest of Minneapolis along Interstate-94, consists of a 335,400-square-foot facility and additional land for a 141,000-square-foot expansion of the existing building. The building is currently 100-percent leased.
Judd Welliver, Ryan Watts, Sonja Dusil and Tom Holtz in CBRE’s Minneapolis office represented the seller, Scannell Properties. The sale closed June 29.
Originally built in 1999 and renovated in 2008 and 2018, the state-of-the-art distribution center features 32-foot clear height, 4.6 percent office finish, a modern sprinkler system, cross-docking and parking for 99 trailers.
