Marcus & Millichap closed the sale of River Ridge Circle, a 23,138-square-foot office property in Burnsville, Minnesota. The asset sold for $2.1 million.
Marc Paylor and Claire Roberts, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
River Ridge Circle is located at 190 S. River Ridge Cir in Burnsville. The three-story building was constructed in 1994 and originally served as The Minnesota River School of Fine Arts. In 2009, the school closed and the building transitioned into an office building providing space to a variety of tenants from the creative arts and professional healing communities.
The new owner will maintain some of the existing tenant base, while occupying space for themselves.
