Updated Jul 10, 2025
Daikin Applied Americas Acquires Industrial Asset From Satellite Industries In Plymouth For $6.8M
2530 Xenium Lane
$6,800,000
$121/SF
Building Size
55,991 SF
Asset Type
Industrial
Closing
Jul 8, 2025
About this deal
AI
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.
On the Map
$6,800,000
$121/SF
Industrial
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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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93