St. Cloud, MN, October 18, 2019 – KW Commercial, a leading commercial real estate investment services firm with offices throughout the United States, today announced the sale of Delux Retail Center at 24086 State Highway 15; a 15,310 RSF neighborhood retail center located in St. Augusta, Minnesota. This building is anchored by Snap Fitness and Delux Liquor.
Matthew Klein, CCIM, and Anthony Passanante, (AMK Properties), investment specialists in KW Commercial’s Eagan office, represented the Buyer: MSK Realty, LLC, in this transaction which sold for $975,000. The Seller was represented by Steve Feneis and Maria Berdan with Granite City Real Estate.
Mr. Klein stated, “The Buyer viewed the Delux project as a strategic addition to their expanding portfolio of similar value-add neighborhood retail centers throughout the MN and WI markets”.
Delux Business Center is conveniently located less than two miles from I-94 along the highly traveled Highway 15 in the St. Augusta/St. Cloud area of Minnesota. This established retail center offered a strong tenant mix and excellent visibility.