SARA Investment Real Estate Purchases Fully Leased Industrial Building In Minneapolis For $7.45M
3236 Northeast California Street
$7,450,000
$86/SF
Building Size
86,602 SF
Asset Type
Industrial
Closing
Aug 12, 2025
AI
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
Minneapolis 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
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93