Updated Oct 23, 2026
PCCP Acquires Industrial Properties In Brooklyn Park From United Properties For $35.2M
169 Winnetka Ave N Golden Valley, Mn, Usa
$35,200,000
Building Size
—
Asset Type
Industrial
Closing
Jun 30, 2023
About this deal
AI
The industrial properties located at Hwy 169 @ Hwy 610 & 9405 Winnetka Avenue North in Brooklyn Park, Minneapolis have been sold in a transaction worth $35,200,000. The properties span over an area of 16.46 acres and are situated in the Northcross Business Park. The sale was facilitated by United Properties, represented by Matt Van Slooten, and the buyer is PCCP. One of the properties also serves as the U.S. headquarters of Nilfisk.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $35,200,000
- Address: Hwy 169 @ Hwy 610 & 9405 Winnetka Avenue North
- Market: Brooklyn Park, Minneapolis
- Acres: 16.46
PCCP, the buyer in this transaction, has acquired two industrial properties in Brooklyn Park for a total of $35.2 million. The properties not only include a Tesla warehouse but also house the U.S. headquarters of Nilfisk. United Properties, represented by Matt Van Slooten, acted as the seller in this deal.
On the Map
$35,200,000
Industrial
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Players
Golden Valley Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93