Updated Dec 4, 2024
Scott Loving, David Berglund, Colin Ryan, And Cahill Road Partners Acquire Industrial Asset In Apple Valley, MN For $4.2M
14771 Energy Way
$4,200,000
$127/SF
Building Size
33,033 SF
Asset Type
Industrial
Closing
Nov 15, 2023
About this deal
AI
The Pilot Flex Center located at 14771 Energy Way in Apple Valley, MN has been sold in a closed transaction. The industrial property spans 33,033 square feet, with a sale price of $4,200,000. The price per square foot amounts to $127. The seller of the property was Southcross Commerce Center II LLP.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Square Footage: 33,033
- Address: 14771 Energy Way, Apple Valley, MN
- Market: Apple Valley, MN
- Buyer: Scott Loving, David Berglund, Colin Ryan & Cahill Road Partners
- Seller: Southcross Commerce Center II LLP
- Broker: Susan Whalen - EFH Realtors
Bob Lunieski, a veteran commercial appraiser, led a consortium of buyers, including Scott Loving, David Berglund, Colin Ryan, and Cahill Road Partners, in the acquisition of the Pilot Flex Center. The deal was executed for a total of $4.2 million.
Players
Saint Paul 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93