Updated Oct 29, 2024
River Valley Church Acquires Industrial Property In Burnsville For $3.65M
11400 Rupp Drive Burnsville, Minnesota 55337, USA
$3,650,000
Building Size
—
Asset Type
Industrial
Closing
Jun 1, 2023
About this deal
AI
River Valley Church, led by Pastors Rob & Becca Ketterling, has acquired an industrial property located at 11400 Rupp Drive in Burnsville, Minnesota. The property was purchased from weather data firm DTN for a total of $3,650,000. This purchase will enable the church to relocate its headquarters to the new building, facilitating the expansion of projects such as video recording and podcast studios.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,650,000
- Address: 11400 Rupp Drive, Burnsville, Minnesota
- Market: Burnsville, Minnesota
Notably, River Valley Church, represented by Pastors Rob & Becca Ketterling, acted as the buyer in this transaction. The seller of the property was DTN.
Players
Burnsville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93