KB Realty Acquires Fleet Farm Portfolio In Menomonie, WI & Cambridge, MN For $41.6M
2324 3rd Avenue Northeast, Cambridge, Minnesota 55008, United States
$41,600,000
$104/SF
Building Size
400,000 SF
Asset Type
—
Closing
Apr 4, 2022
About this deal
AI
The sale of the Fleet Farm Portfolio in Menomonie, WI and Cambridge, MN was recently completed. The property, consisting of 2003 US-12 and 2324 3rd Ave NE, was sold as a package deal. The transaction was facilitated by Legacy Realty Group Advisors, with Jacob Baruch and Daniel Baruch acting as the brokers representing both the buyer and seller.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $41,600,000
- Square Footage: 400,000
- Price per Square Foot: $104
- Date of Sale: 04/05/2022
- Buyer: KB Realty
- Seller: Mindway
KB Realty acquired the Fleet Farm Portfolio in this transaction, while Mindway acted as the seller. Both parties were represented by Jacob Baruch and Daniel Baruch from Legacy Realty Group Advisors.
On the Map
$41,600,000
$104/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93