Updated Oct 29, 2024
1100 Zane Ave. North In Golden Valley Sells For $1.933M To 1100 Zane LLC - Neil Kolatkar, CBRE
1100 Zane Avenue North Golden Valley, Minnesota 55422 USA
$1,933,000
$170/SF
Building Size
11,332 SF
Asset Type
Industrial
Closing
Aug 22, 2023
About this deal
AI
A distribution center located at 1100 Zane Avenue North in Golden Valley, Minnesota has been sold to a California buyer for $1.933 million. The property spans 11,332 square feet and was fully updated in 2019. It features a loading dock, drive-in doors, and a fire-protection system.
Summary of transation details
- Property Type: Industrial
- Sale Price: $1,933,000
- Square Footage: 11,332
- Address: 1100 Zane Avenue North, Golden Valley, Minnesota
- Market: Golden Valley, Minnesota
Involved in the transaction were the buyer, 1100 Zane LLC, and the seller, GBC Partners LLP. The deal was facilitated by Neil Kolatkar of CBRE, serving as the broker for both parties.
Players
Minneapolis 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
8.21%
Cash-on-Cash
-2.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93