Member Press Release

Paramount Sells 98,688 SF Office-Warehouse/Manufacturing Facility in Waconia, MN for $4.35M



Fred Hedberg, Principal and John Young, Vice President of Paramount Real Estate Corp/TCN Worldwide recently represented MMC Property, LLC, a long term client, in the sale of the property located at 1400 Mill Lane, Waconia, Minnesota. 

The 98,688 square foot one story office-warehouse/manufacturing building includes 16.62 acres of land for expansion in the growing community of Waconia.  The building is fully leased to one tenant.

The property sold for $4,350,000 and closed on September 27, 2017.  Paramount also identified the Buyer, Eden Trace Corporation, a private investment entity from Minneapolis, Minnesota.