CBRE has closed the sale and leaseback of Sportech’s headquarters and assembly facilities in Elk River, Minn., to Broadstone Real Estate, LLC for $9.8 million.
The headquarters building is a 92,830-square-foot office/warehouse built in 2008. It has 22-foot clear heights.
The assembly building is a 50,079-square-foot office/warehouse/showroom building built in 2006 with 20-foot clear height. Both buildings are 100 percent occupied by Sportech, Inc.
Steven Buss and Judd Welliver of CBRE represented the seller, Sportech. The company is a plastics thermoformer specializing in the design, development and production of accessories for the powersports industry.