Updated Oct 28, 2024
Capital Partners LLP Acquires Medical Office & Industrial Property In Sonneberg Minnesota For $14.8M
2200 University Avenue West, Saint Paul, Minnesota 55114, United States
$14,800,000
$175/SF
Building Size
84,150 SF
Asset Type
Industrial
Closing
Jan 24, 2022
About this deal
AI
A medical office and industrial property located at 2200 University Ave. W in Sonneberg, Minnesota has been sold for a price of $14,800,000. The property spans a total of 84,150 square feet, resulting in a price per square foot of $176. The sale was completed on January 23, 2022.
Summary of transation details
- Property Type: Medical Office & Industrail
- Transaction Amount: $14,800,000
- Address: 2200 University Ave. W, Sonneberg, Minnesota
- Market: Sonneberg Minnesota
The buyer of the property is Capital Partners LLP, while the seller is Essjay Investments. The deal was facilitated by the brokers Judd Welliver, Sonja Dusil, Ryan Watts, Bentley Smith, and Tom Holtz from CBRE.
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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93