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SARA Investment Real Estate Purchases Fully Leased Industrial Building In Minneapolis For $7.45M
SOLD
$7,450,000
Minnesota
See Similar DealsIndustrial86,602 SF
Sold 08/12/2025
SOLD
SARA Investment Real Estate Purchases Fully Leased Industrial Building In Minneapolis For $7.45M
3236 Northeast California Street
See Similar DealsIndustrial86,602 SF
Sold 08/12/2025
Summary
MINNESOTA
Asset Type:Industrial
Price Per Square Foot:$86
Total Square Footage:86,602 SF
Transaction Type:Sale
The property involved in the transaction is an industrial asset located at 3236 Northeast California Street, Minneapolis, MN. The sale price of the property was $7,450,000, with a total area of 86,602 square feet and a price per square foot of $86. The asset spans 4.79 acres and was fully leased at the time of sale.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,450,000
- Address: 3236 Northeast California Street
- Market: Minneapolis, MN
- Square Feet: 86,602
- Price per Square Foot: $86
- Acres: 4.79
- Buyer: SARA Investment Real Estate
- Seller: FREC 3236 California LLC
- Broker: Fountain Real Estate Capital
SARA Investment Real Estate, through California Street Property Group LLC, acquired the property from FREC 3236 California LLC. The asset was renovated between 2021 and 2022 and is leased to Versare Solutions and H&H Buying & Selling Inc.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$397,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,468.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,316.80
Annual Debt Service$423,801.61
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