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2723 Patton Road

Every Meal Acquires 68K SF Industrial Warehouse In Roseville For $8.1M
SOLDIndustrial

Every Meal Acquires 68K SF Industrial Warehouse In Roseville For $8.1M

2723 Patton Road

$8,100,000

$119/SF

Building Size

68,000 SF

Asset Type

Industrial

Closing

Jan 10, 2024

AI

Every Meal, a nonprofit combatting child hunger in Minnesota, has acquired a 68,000-square-foot warehouse located at 2723 Patton Road in Roseville, MN. The property was sold by Luke J. Petherbridge of Link Logistics for a total price of $8.1 million. The transaction reflects a price per square foot of $119.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $8,100,000
  • Square Footage: 68,000
  • Address: 2723 Patton Road, Roseville, MN
  • Market: Roseville, MN

Rob Williams, the representative from Every Meal, facilitated the acquisition on behalf of the nonprofit organization. Meanwhile, Luke J. Petherbridge acted as the seller's representative from Link Logistics.

Players

Link Logistics Real Estate
Link Logistics Real EstateBrokerage

Luke Petherbridge

Link Logistics Real Estate

Seller

$1B

vol

15 deals

Seller

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

1.96%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93