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411 Farwell Avenue

Updated Aug 28, 2026

Industrial Realty Group Acquires 411 Farwell Avenue In South St. Paul For $21.47M
SOLDIndustrial

Industrial Realty Group Acquires 411 Farwell Avenue In South St. Paul For $21.47M

411 Farwell Avenue

$21,470,000

$50/SF

Building Size

422,727 SF

Asset Type

Industrial

Closing

Aug 27, 2026

About this deal

AI

The property asset involved in the transaction is an industrial building located at 411 Farwell Avenue in South St. Paul, MN. The sale price of the property was $21,470,000, and it encompasses a total square footage of 422,727. The industrial facility features 36 dock doors, a 22-foot clear height, and has Union Pacific rail access.

Summary of transaction details:

This transaction involved Industrial Realty Group acquiring the former Sportsman’s Guide warehouse with the facilitation of JLL’s brokers Colin Ryan and David Berglund, who were instrumental in bringing the buying and selling parties together.

Players

Colin Ryan

JLL

Broker

$362.8M

vol

9 deals

Broker
IG
Industrial Realty GroupBuyer

Leitchfield Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $50 per square foot on a published $21.5M for 422,727 square feet (2026).

Visit Colin Ryan to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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