Hanley Investment Group Arranges $11.5 Million Sale of Three-Tenant Outparcel in Metro Minneapolis

Coon Rapids, Minn. — Hanley Investment Group Real Estate Advisors has arranged the $11.5 million sale of Riverdale Village, a three-tenant outparcel in Coon Rapids, roughly 15 miles outside Minneapolis. Jeff Lefko and Bill Asher of Hanley Investment Group, in association with Robert Wise with CBRE, represented the seller, OneCorp Global. Boston Weir of Henry Group Real Estate represented the buyer, an undisclosed private investor based in Evergreen, Colorado. Built in 2021, the property includes a single-tenant, 4,150-square-foot building with a drive-thru occupied by Bank of America and a two-tenant, 6,700-square-foot building occupied by Famous Dave’s and Banfield Hospital. The buildings are situated on 1.7 acres at the signalized intersection of Northdale Boulevard and Main Street and adjacent to the route U.S. 10 entrance/exit ramps.

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