BURNSVILLE, MINNESOTA, Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of River Ridge Circle, a 23,138-square foot office property located in Burnsville, MN, according to Jon M. Ruzicka, regional manager of the firm’s Minneapolis office. The asset sold for $2,100,000.
Marc C. Paylor and Claire J. 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, Minnesota. 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.