KW commercial - AMK PROPERTIES - arranges the sale of Amsden RiDGE Shopping Center:
a 27,559 RSF Retail center in bloomington, MN
Bloomington, MN, May 14, 2019 – KW Commercial, a leading commercial real estate investment services firm with offices throughout the United States, today announced the sale of Amsden Ridge Shopping Center, a two (2) building, 27,559 RSF multi-tenant neighborhood center located in Bloomington, Minnesota.
The tenant roster features an assortment of general retail, restaurants, and general office tenants.
Matthew Klein, CCIM (AMK Properties), investment specialist in KW Commercial’s Eagan office, represented the Seller, Amsden LLC, and secured the buyer, Hoss Bros., LLC in this transaction which sold for $3,900,00.
Mr. Klein stated, “The new owner is excited to add this to their expanding real estate portfolio. This is a well-positioned asset with a diverse tenant mix and stabilized rent roll.”
Amsden Ridge Shopping Center is located at 9330-9360 Ensign Avenue South in the western part of Bloomington, Minnesota. This established neighborhood retail center offered a strong tenant mix and health in-place NOI as well as excellent visibility at the corner of I-169 and Anderson Lakes Parkway.