Upland Arranges $3.5M Sale of U.S. Bank Ground Lease in Lakeville, Minnesota

by Kristin Harlow

LAKEVILLE, MINN. — Upland Real Estate Group Inc. has arranged the $3.5 million sale of a U.S. Bank ground lease in Lakeville, approximately 20 miles south of Minneapolis. The 3,636-square-foot property is located at 20191 Iberia Ave. There are 11 years remaining on the ground lease. Upland represented the undisclosed seller. A 1031 exchange investor purchased the asset. U.S. Bank operates 3,106 branches throughout the country.

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