Orton Development Inc Acquires Industrial Property In Bloomington For $54M
6201 West 111th Street, Bloomington, Minnesota 55438, United States
$54,000,000
$93,103/SF
Building Size
580 SF
Asset Type
Industrial
Closing
Aug 12, 2022
AI
A 580,000 square foot industrial property located at 6201-6203 West 111th St in Bloomington, Minnesota has been sold for a price of $54,000,000. The sale was completed on 12/08/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $54,000,000
- Seller: First Industrial Realty Trust Inc
- Buyer: Orton Development Inc - J.R. “Eddie” Orton III
- Broker: CBRE
- Market: Bloomington, Minnesota
J.R. “Eddie” Orton III of Orton Development Inc acted as the buyer in this transaction. The seller was First Industrial Realty Trust Inc. The deal was brokered by CBRE.
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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93