Updated Sep 1, 2026
Michael Hughes Of Marcus & Millichap Secures $4.798M Acquisition Loan For Industrial Property In Albert Lea
1851 Margaretha Avenue
$4,798,000
$37/SF
Building Size
127,869 SF
Asset Type
Industrial
Closing
Aug 3, 2026
About this deal
AI
An acquisition loan of $4,798,000 has been arranged for the purchase of an industrial property located at 1851 Margaretha Avenue in Albert Lea, Minnesota. The property spans 127,869 square feet and is currently leased to Green Bay Packaging. This acquisition loan is structured as a five-year, non-recourse loan with a 5.3% interest rate and a 25-year amortization schedule.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,798,000
- Loan Type: Acquisition
- Loan Terms: 5-year
- Address: 1851 Margaretha Avenue
- Market: Albert Lea, MN
- Broker: Michael Hughes - Marcus & Millichap
Michael Hughes represented the buyer in this transaction. The loan was arranged by Marcus & Millichap Capital Corporation, highlighting their role in facilitating the financing for this acquisition.
On the Map
$4,798,000
$37/SF
Industrial
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Albert Lea Industrial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.31%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93