MSP Denmark LLC Acquires Eagan Hospital For $4.6M
3010 Denmark Avenue
$4,600,000
Building Size
—
Asset Type
Hospital
Closing
Nov 16, 2023
About this deal
AI
MSP Commercial, based in Richfield, has acquired a 12,600-square-foot hybrid clinic/emergency room located at 3010 Denmark Avenue in Eagan, MN. The transaction, which took place on November 16, 2023, involved a sale price of $4,600,000 for the 1.7-acre hospital property.
Summary of transaction details
- Property Type: Hospital
- Transaction Amount: $4,600,000
- Address: 3010 Denmark Avenue, Eagan, MN
- Market: Eagan, MN
- Acres: 1.7
MSP Commercial, represented by MSP Denmark LLC, acted as the buyer in the transaction, while EP Development LLC served as the seller. The deal showcases MSP Commercial's expansion into the Eagan market, as they acquire the hybrid clinic/emergency room.
Players
Saint Paul Hospital Market Snapshot
Boundary boundary · Hospital · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93