Quality Trusted Commercial Construction Acquires Warehouse Portfolio In St. Louis Park For $10M
4930 35th Street West, 4906 35th Street West & 4838 35th Street West
$10,000,000
$43/SF
Building Size
76,264 SF
Asset Type
Industrial
Closing
Apr 24, 2025
AI
The transaction involved a portfolio of three fully leased warehouse buildings located at 4930 35th Street West, 4906 35th Street West, and 4838 35th Street West in the St. Louis Park market area. The sale, finalized on April 24, 2025, totaled $10,000,000 for an industrial asset comprising 76,264 square feet, resulting in a price per square foot of $131.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Buyer: Quality Trusted Commercial Construction & Roofing
- Seller: Water Street Partners
- Sale Date: 04/24/2025
- Total Square Feet: 76,264
- Price Per Square Foot: $131
Quality Trusted Commercial Construction & Roofing acquired the warehouse portfolio from Water Street Partners, who previously purchased the properties for $8.4 million five years prior to this transaction.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93