View Summary for Completed eCRV ID 1229309
County:Washington    Auditor ID:181593
Submit Date: 04/21/2021 3:44 PM    Accept Date: 05/10/2021 8:21 AM

Buyers Information

Organization name:
Agree Limited Partnership
Address:
70 E. Long Lake Road, Bloomfield Hills, MI 48304 United States
Foreign address:
Yes
Phone number:
(248) 419-6329
Email:
dspehar@agreerealty.com
*** MN Revenue does not display SSN/Tax ID fields due to privacy. ***

Sellers Information

Organization name:
RCG-Oakdale MN, LLC
Address:
3060 Peachtree Road, Suite 400, Atlanta, Georgia 30305 United States
Foreign address:
Yes
Phone number:
(404) 816-5454
Email:
*** MN Revenue does not display SSN/Tax ID fields due to privacy. ***

Property Information

County:
Washington
Legal description:
Real property in the City of Oakdale, County of Washington, State of Minnesota, described as follows: Parcel 1: That part of Lot 1, Block 2, Oakdale Village Addition, according to the recorded plat thereof, Washington County, Minnesota, described as follows: Commencing at the northeast corner of said Lot 1; thence on an assumed bearing of North 86 degrees 13 minutes 22 seconds West along the northerly line of said Lot 1, for 126.61 feet to an angle point in said northerly line; thence North 74 degrees 54 minutes 46 seconds West continuing along said northerly line for 19.99 feet to the point of beginning of the land to be described; thence South 07 degrees 53 minutes 01 seconds West for 43.27 feet; thence South 01 degrees 10 minutes 41 seconds East for 434.64 feet to the Southerly line of said Lot 1; thence South 83 degrees 05 minutes 38 seconds West along the southerly line of said Lot 1 for 353.19 feet to the southwest corner of said Lot 1; thence North 00 degrees 21 minutes 25 seconds West along the west line of said Lot 1 for 576.15 feet to the northwest corner of said Lot 1; thence South 82 degrees 06 minutes 59 seconds East along the northerly line of said Lot 1 for 313.82 feet to an angle point in said northerly line; thence South 74 degrees 54 minutes 46 seconds East continuing along said northerly line for 50.35 feet to the point of beginning and there terminating. Parcel 2: Lot 2, Block 2, Oakdale Village Addition, according to the recorded plat thereof, Washington County, Minnesota, described as follows: Beginning at the southeast corner of said Lot 2; thence South 83 degrees 05 minutes 38 seconds West along the southerly line of said Lot 2 for 4.49 feet to an angle point in said southerly line; thence South 88 degrees 49 minutes 37 seconds West continuing along said southerly line for 305.53 feet to the southwest corner of said Lot 2; thence North 01 degrees 10 minutes 41 seconds West along the west line of said Lot 2 for 817.97 feet to the northwest corner of said Lot 2 and a point of curvature; thence southeasterly along the northerly line of said Lot 2 for 317.84 feet along a non-tangential curve concave to the northeast having a radius of 225.00 feet, a central angle of 80 degrees 56 minutes 18 seconds and a chord bearing South 41 degrees 38 minutes 50 seconds East to a point of curvature in said northerly line; thence South 82 degrees 06 minutes 59 seconds East along said northerly line for 121.96 feet to the northeast corner of said Lot 2; thence South 00 degrees 21 minutes 25 seconds East along the east line of said Lot 2 for 576.15 feet to the point of beginning and there terminating.
Deeded acres:
8.73
Will use as primary residence:
No
What is included in the sale:
Land and Buildings
New construction:
No
Property Location(s)
Property location:
8301 3rd St N, Oakdale, 55128
Property location:
8345 3rd St N, Oakdale, 55128
Preliminary Parcel IDs
Parcels to be split or combined:
No
Primary parcel ID:
33.029.21.34.0031
Additional parcel ID(s):
33.029.21.34.0035
Use(s)
Planned use:
Retail / Neighborhood shopping center
Primary use:
Yes
Prior use:
Retail / Neighborhood shopping center
Rental buildings:
0
Rental units:
0
Square Footage:
109621

Sales Agreement Information

Deed Type:
Limited Warranty Deed
Date of Deed or Contract:
03/29/2021
Purchase amount:
$19,450,000.00
Downpayment amount:
$0.00
Seller-paid amount:
$0.00
Delinquent Special Assessments and Delinquent Taxes Paid by Buyer:
$0.00
Financing type:
Cash
Personal Property
Personal property included:
No
Sales Agreement Questions
Buyer leased before sale:
No
Lease option to buy:
No
Seller leased after sale:
No
Minimum rental income guaranteed:
No
Partial interest indicator:
No
Contract payoff or deed resale:
No
Received in trade:
No
Like exchange (IRS section 1031):
No
Purchase over two years old:
No

Supplementary Information

Buyer paid appraisal:
No
Appraisal value:
$0.00
Seller paid appraisal:
No
Appraisal value:
$0.00
Buyer and seller related:
No
Organization tax exempt:
No
Government sale:
No
Foreclosed, condemned or legal proceedings:
No
Gift or inheritance:
No
Name change:
No
Buyer owns adjacent property:
No
Public promotion:
No
Comment:
Approached by seller.
Significant different price paid:
No
Comment on price difference:

Submitter Information

Submit date:
04/21/2021 3:44:49 PM
Submitter:
Maddie Neel
Organization:
McGuireWoods LLP
Email:
mneel@mcguirewoods.com
Phone number:
(404) 443-5621
Comments:

Terms Accepted by the Submitter:
I declare under penalty of law that I have examined the information entered and submitted on this form, and, based on what I know and believe to be true, the information entered on this form is complete and correct.

County Data Information

County ID:
82
Deed type code:
Limited Warranty Deed
Deed document ID:
4311937
Sales agreement net amount:
$19,450,000.00
Sales Price Adjustment(s)
Property Attributes
Year structure built:
2005
Parcel new construction percent:
Gross Building Area:
109621
Deeded acres:
8.73
Parcel water influence:
None
Neighborhood code:
Exempt wetland:
No
Exempt native prairie:
No
Property Type(s)
Property Group:
Commercial
Property Type:
Commercial
Primary type:
Yes
Exempt:
No
Contributing parcels:
2
County Assessment
Land value:
$3,993,500.00
Assessment Year:
2021
Building value:
$11,642,200.00
Total market value:
$15,635,700.00
County Recommendation for County Study
Good for study:
No
Reject reason-1:
06c - Unusual Financing
County Recommendation for State Study
Good for study:
No
Reject reason-1:
06c - Unusual Financing
Final Parcels
 (primary parcel listed first)
Parcel ID:
33.029.21.34.0031
Seq:
Jurisdiction:
Oakdale
SD:
North St. Paul-Maplewood
CER:
CPI:
Parcel ID:
33.029.21.34.0035
Seq:
Jurisdiction:
Oakdale
SD:
North St. Paul-Maplewood
CER:
CPI: