Get updates delivered to you daily. Free and customizable.
Finance and Commerce
Just Sold: Central Trailer Sales adds location in Jordan
By Anne Bretts,
2024-05-23
Editor’s note: “Just Sold” is a Finance & Commerce feature based on the newest certificates of real estate value filed with the Minnesota Department of Revenue for commercial sales throughout Minnesota and reports of sales across the country involving local parties. Research includes company and broker documents, online real estate listings, F&C archives, Catylist and other research.
After 20 years in business the last five in a frustrating search for the right spot the owners of Central Trailer Sales in East Bethel are adding a second location in Jordan.
An entity related to Brian and Nanette Renstrom bought a former Camping World dealership at16701 Greystone Lane for $3.15 million in a deal that closed May 8.
The property includes a 10,500-square foot building and 10.7 acres along Highway 169.
The site will change more than its name, Brian Renstrom said. He’ll replace the focus on recreational vehicles with his inventory of hauling machines and equipment.
Renstrom said hestarted out selling commercial vehicles, using trailers to haul inventory.
“The trailers sold better than the parts,” he said
Today, Central Trailer Sales sells new and used trailers, including utility trailers, cargo trailers, car haulers, snowmobile/snowmachine trailers, ATV trailers, equipment trailers, enclosed trailers, dump trailers, as well as parts and accessories.
Matt Friday and David Daly, senior vice presidents with the Minneapolis office of CBRE, represented the seller.
Place: 16701 Greystone Lane, Jordan
Price: $3.15 million; $50,000 down payment; new mortgage;
Reese’s Properties LLC in Hudson, Wisconsin, has acquired two industrial buildings at 2441 Ventura Drive in Woodbury. (Submitted photo: Cushman & Wakefield)
Walker Roofing buys new site in Woodbury
Two industrial buildings totaling 13,900 square feet at 2441 Ventura Drive in Woodbury have sold for$2.36 million.
Reese’s Properties LLC in Hudson, Wisconsin, acquired the single tenant, 1.73-acre property from Ventura Drive Properties LLC in Woodbury in a deal that closed May 10.
The initial building was completed in 1991 and expanded in 2019.
The price works out to $170 per square foot.
Senior directors Todd Hanson and Jason Sell and senior associate Jordan Dick of Cushman & Wakefield in Bloomington represented the seller. Their colleagues, senior director Charlie Merwin and associate Clint Moe, represented the buyer.
“We had a lot of calls on that one,” Dick said. “Properties like that are hard to find, especially in places like Woodbury.”
The new owner, Walker Roofing in St. Paul, is slated to move in September, after the seller, Kreft Mechanical, closes in August on the purchase of a nearby property, where it plans to consolidate its operations.
Place: 2441 Ventura Drive, Woodbury
Price: $2,363,000; $472,000 down payment; new mortgage; $170 per square foot
Get updates delivered to you daily. Free and customizable.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.
Most Popular
Comments / 0