KW COMMERCIAL - AMK PROPERTIES- ARRANGES THE SALE OF BIRCH LAKE PROFESSIONAL BUILDING – 1310 HWY 96: A 29,000 RSF MULTI-TENANT OFFICE CENTER IN WHITE BEAR LAKE, MN
New Brighton, MN, June 27, 2019 – KW Commercial, a leading commercial real estate investment services firm with offices throughout the United States, today announced the sale of Birch Lake Professional Building at 1310 Hwy 96; a 29,000 RSF 2-story office building located just east of I-35E along Hwy 96 in White Bear Lake, Minnesota.
David Lund and Andy Manthei (AMK Properties), investment specialists in KW Commercial’s Eagan office, represented the Buyer, Lenny Enterprises II, L.L.P in this 1031 Exchange transaction which sold for $3,200,000.
Mr. Lund stated, “This multi-tenant office investment is located in the high demand White Bear Lake market and had a diversified mix of businesses.
Birch Lake Professional Building offers excellent visibility along Hwy 96, ample parking, and a roster of 28 tenants.