Updated Dec 4, 2024
Nuveen Real Estate Acquires 20 Acres Of Commercial Property In Brooklyn Park, MN For $41.35M
8801 95th Ave, Brooklyn Park, Minnesota 55445, United States
$41,350,000
Building Size
—
Asset Type
Commercial
Closing
Jul 11, 2022
About this deal
AI
Nuveen Real Estate has acquired a commercial property comprising 20 acres located at 8800 & 8801 95th Ave. N in Brooklyn Park, MN. The property was sold by United Properties for a total sale price of $41,350,000.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $41,350,000
- Address: 8800 & 8801 95th Ave. N, Brooklyn Park, MN
- Market: Brooklyn Park, MN
- Acres: 20
The buyer, Nuveen Real Estate, made the acquisition from the seller, United Properties. William Katter & Mike Sales represented the buyer in this transaction as Nuveen Real Estate's representatives.
Players
Minneapolis Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Deal FAQ
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