Dakota REIT announces the acquisition of a STNL (Single Tenant Net Lease) with DSG (Dakota Supply Group) as the tenant. The property in Otsego, Minnesota is a 30,080 SF single-tenant, industrial facility with over 6 acres of outside storage. “Industrial is one of Dakota REIT’s key targeted asset classes looking to 2026 and beyond, additionally this acquisition allows us to further diversify our tenant mix in the Twin Cities market” said Dakota REIT CEO and President Matt Pedersen
“We are pleased to increase our investment in industrial properties in the Twin Cities of Minneapolis and St. Paul. Dakota REIT will continue to look for future opportunities to expand this product type within our key markets” shares Matt Pedersen, Dakota REIT CEO and President. This acquisition was a strategic target for Dakota REIT working directly with Interstate Development, the Seller. This property was purchased off market and with a long-term lease in place. “Recently, Dakota Supply Group (DSG) signed a 15-year lease for this property. We are focused on long term stable income producing properties.” said Peter Tanis, Chief Investment Officer of Dakota REIT.
About Dakota REIT
Dakota REIT has continued a 28-year track record of consistent distribution yields and share value appreciation. Dakota REIT’s investment objective is to generate attractive current income and equity growth by investing in diversified real estate assets in the growth markets of the Midwest. Our targeted asset classes include multifamily, industrial/flex, and strategic exposure to grocery-anchored and necessity-based neighborhood shopping centers.
Contact Information
Peter Tanis
Chief Investment Officer
Phone: 701-239-6879 Ext. 107
