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KB Realty Acquires Fleet Farm Portfolio In Menomonie, WI & Cambridge, MN For $41.6M

Property Image
SOLD
$41,600,000
Daniel Baruch
Jacob Baruch

Minnesota

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400,000 SF
Sold 04/05/2022
the dealplayerscompscontact
Property Image
SOLD

KB Realty Acquires Fleet Farm Portfolio In Menomonie, WI & Cambridge, MN For $41.6M

2324 3rd Avenue Northeast, Cambridge, Minnesota 55008, United States

See Similar Deals
400,000 SF
Sold 04/05/2022
Daniel Baruch
Jacob Baruch
the dealplayerscompscontact
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Summary

MINNESOTA
Price Per Square Foot:$104
Total Square Footage:400,000 SF
Transaction Type:Sale

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.

Players

Jacob Baruch
Legacy Realty Group Advisors
Jacob Baruch
39 deals$551.8M volume
BROKER
Daniel Baruch
Legacy Realty Group Advisors
Daniel Baruch
25 deals$525.8M volume
BROKER

Details

SOLD
IMAGE: Jacob Baruch & Daniel Baruch DATE: 04/05/2022 ADDRESS: 2003 US-12 & 2324 3rd Ave NE - Fleet Farm Portfolio MARKET: Menomonie, WI & Cambridge, MN ASSET TYPE: Package Deal BUYER: KB Realty SELLER: Mindway BROKERS: Jacob Baruch & Daniel Baruch - Legacy Realty Group Advisors (@LegacyRealtyGroupAdvisors) SALE PRICE: $41,600,000 SF: 400,000 ~ PPSF: $104

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,218,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$147,796.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$197,205.22
Annual Debt Service$2,366,462.68