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Daikin Applied Americas Acquires Industrial Asset From Satellite Industries In Plymouth For $6.8M

Property Image
SOLD
$6,800,000
Brent Masica
Danny McNamara

Minnesota

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Industrial55,991 SF
Sold 07/08/2025
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SOLD

Daikin Applied Americas Acquires Industrial Asset From Satellite Industries In Plymouth For $6.8M

2530 Xenium Lane

See Similar Deals
Industrial55,991 SF
Sold 07/08/2025
Brent Masica
Danny McNamara
the dealplayerscompscontact
Contact now

Summary

MINNESOTA
Asset Type:Industrial
Price Per Square Foot:$121
Total Square Footage:55,991 SF
Transaction Type:Sale

An industrial asset located at 2530 Xenium Lane North in Plymouth, MN was sold for $6,800,000. The property encompasses a total area of 55,991 square feet, resulting in a price per square foot of $121.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,800,000
  • Address: 2530 Xenium Lane North
  • Market: Plymouth, MN
  • Square Footage: 55,991
  • Price per Square Foot: $121
  • Buyer: Daikin Applied Americas
  • Seller: Satellite Industries
  • Brokers: Danny McNamara & Brent Masica - Cushman & Wakefield

Satellite Industries has relocated its operations to Otsego following this sale. Daikin Applied Americas intends to utilize the site for training purposes, facilitating their operational growth in the region.

Players

Brent Masica
Cushman & Wakefield
Brent Masica
5 deals$13.6M volume(952) 893-8231
BROKER
Danny McNamara
Cushman & Wakefield
Danny McNamara
5 deals$19.5M volume(952) 893-8895
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: 07/08/2025 ADDRESS: 2530 Xenium Lane North MARKET: Plymouth, MN ASSET TYPE: Industrial BUYER: Daikin Applied Americas SELLER: Satellite Industries BROKERS: Danny McNamara & Brent Masica - Cushman & Wakefield SALE PRICE: $6,800,000 SF: 55,991 ~ PPSF: $121 NOTE: Satellite Industries sold its 55,991 SF Plymouth office-warehouse at 2530 Xenium Lane N. to Daikin Applied Americas for $6.8M and relocated operations to Otsego. Cushman & Wakefield’s Daniel McNamara and Brent Masica brokered the deal, with Daikin planning to use the site for training.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$362,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
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