MINNEAPOLIS (WCCO) -A man was hospitalized after a reported stabbing in St. Cloud Monday afternoon, police said.

According to the St. Cloud police, the incident took place around 1:30 p.m. on the 700 block of Ninth Avenue South.

When police arrived they located a 54-year-old St. Cloud man with several "knife-related injuries." The victim was transported to St. Cloud Hospital with serious but not life-threatening injuries.

Officers identified the suspect as a 60-year-old St. Cloud man and took him into custody without incident.

Police believe the suspect and the victim got into an argument over some property. The argument then escalated into a physical altercation where the suspect assaulted the victim with a knife.

The suspect was transported to Stearns County Jail awaiting charges of assault.