Updated May 12, 2025
John Mesenbrink Of Brink Development Purchases Industrial Property In Eagan For $4.6M
2805 West Service Road
$4,600,000
$96/SF
Building Size
47,775 SF
Asset Type
Industrial
Closing
Apr 11, 2025
About this deal
AI
An industrial property located at 2805 West Service Road in Eagan, MN was sold for $4,600,000. The asset spans 3.24 acres and comprises a total of 47,775 square feet. The building was previously utilized as a produce warehouse and is currently leased to an undisclosed tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Address: 2805 West Service Road
- Market: Eagan, MN
- Acres: 3.24
- Square Footage: 47,775
- Price Per Square Foot: $96
- Buyer: John Mesenbrink - Brink Development
- Seller: Russ Davis Wholesale Inc
- Broker: Sandy Barin - CBRE
The buyer, John Mesenbrink, represents Brink Development, which has successfully acquired the property. The seller of the building was Russ Davis Wholesale Inc. The transaction was facilitated by broker Sandy Barin from CBRE, marking a significant deal in the industrial market of Eagan, MN.
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93