Updated Oct 29, 2024
52 Foundry LLC Acquires Industrial Property In St. Cloud For $5.2M
5205 Foundry Circle Street Cloud, Minneapolis Minnesota 56303, USA
$5,200,000
$59/SF
Building Size
87,552 SF
Asset Type
Industrial
Closing
Jun 16, 2023
About this deal
AI
Goodin Company, based in Minneapolis, has sold its property at 5205 Foundry Circle in St. Cloud. The industrial property spans 6.18 acres and features 87,552 square feet of space. The transaction took place in the market of St. Cloud, Minneapolis. The property was sold for a price of $5,200,000, resulting in a price per square foot of $59.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,200,000
- Address: 5205 Foundry Circle
- Market: St. Cloud, Minneapolis
- Acres: 6.18
- Square Feet: 87,552
- Price per Square Foot: $59
52 Foundry LLC acquired the property from Goodin Company in this transaction. The buyer's representatives, Steven Feneis, Terrie Schramel, and Maria Berdan, were assisted by GC Real Estate Partners in the deal. Goodin Company will temporarily lease the space until its relocation, while the buyer is set to take possession of the property in 2024.
Players
Saint Cloud Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Steven Feneis to view all their deals.
Browse Saint Cloud industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93