Davis acquired two Minneapolis-area outpatient medical properties totaling $21.85 million and approximately 64,500 square feet for its Davis Medical Investment Fund (DMI Fund). In the larger of the two transactions, Davis acquired 3007 Harbor Lane North, a 30,250-square foot, single-story outpatient medical building in the Plymouth submarket of Minneapolis–St. Paul. The purchase price was $12 Million. Davis also acquired the Pondview Medical Building at 501 E Nicollet Blvd in Burnsville. The two-story, 34,224 square foot property was purchased for $9.85 Million, or approximately $288 per square foot.
Read the full article: Davis Acquires Pair of Outpatient Medical Properties in Minneapolis Market //
Source: https://rejournals.com/davis-acquires-pair-of-outpatient-medical-properties-in-minneapolis-market/