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
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