Sealy Nathan Lane buys 975 Nathan Ln N in Plymouth for $24.1 million

A warehouse at 975 Nathan Ln N in Plymouth sold for $24,100,000 on October 8, 2026. The Certificate of Real Estate Value filed with the Minnesota Department of Revenue records the sale.

The record lists Nicola MSP III Limited Partnership as the seller and Sealy Nathan Lane, L.L.C. as the buyer. Assessor's records put the market value at $19,989,000, making the sale price 21% higher.

Assessor's records show a build year of 1977 and a 17.07-acre lot. The last sale on record was $20,600,000 in 2021, 17% below this price.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Hennepin County?

By our estimate, the seller's two largest charges, not counting prorations, were $81,940 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $43,150 for the owner's title insurance policy. Who pays what follows Hennepin County custom.

How much did the seller net?

By our estimate, the seller netted about $23,901,835. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $24,027,816 at closing. That covers the full price and closing costs.

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