CBRE Arranges Sale of 177,153 Square Foot Distribution Center

CBRE has arranged the sale of DuPont Distribution Center, a 177,153 square foot distribution center in Burnsville, MN. Biynah Industrial Partners LLC sold the property to Sterling Management in a transaction that closed November 18, 2022. A sale price was not disclosed.

CBRE’s Judd Welliver and Bentley Smith represented the seller, Biynah Industrial Partners LLC, in the transaction.

DuPont Distribution Center is a highly functional industrial building situated on more than twelve acres and is located off I-35 with direct highway visibility. The facility is fully occupied by four tenants, all of which offer strong credit profiles. Additionally, the property features fenced and paved outdoor storage, a rare feature in infill cities like Burnsville.

“Now more than ever investors are focusing on fundamentals like basis, tenant credit, and functionality,” said Smith. “This property checks each of those boxes which led to strong demand from the investment community.”

According to a recent CBRE report, the Southwest submarket absorbed 257,956 square feet of industrial space in Q3 2022 and has a vacancy rate of 4.3 percent.