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Every Meal Acquires 68K SF Industrial Warehouse In Roseville For $8.1M
SOLD
$8,100,000
Minnesota
See Similar DealsIndustrial68,000 SF
Sold
SOLD
Every Meal Acquires 68K SF Industrial Warehouse In Roseville For $8.1M
2723 Patton Road
See Similar DealsIndustrial68,000 SF
Sold
Summary
MINNESOTA
Asset Type:Industrial
Price Per Square Foot:$119
Total Square Footage:68000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$432,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59
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