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6464 Sycamore Court North

Hempel Real Estate Acquires Industrial Asset From Vascular Solutions Inc In Maple Grove For $7.1M
SOLDIndustrial

Hempel Real Estate Acquires Industrial Asset From Vascular Solutions Inc In Maple Grove For $7.1M

6464 Sycamore Court North

$7,100,000

$88/SF

Building Size

79,937 SF

Asset Type

Industrial

Closing

Sep 9, 2025

AI

The asset involved in the transaction is an industrial property located at 6464 Sycamore Court North, Maple Grove, MN. The sale occurred on September 9, 2025, with a transaction amount of $7,100,000. The property spans approximately 79,937 square feet, with a price per square foot of $89.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,100,000
  • Sale Date: 09/09/2025
  • Address: 6464 Sycamore Court North
  • Market: Maple Grove, MN
  • Square Footage: 79,937
  • Price per Square Foot: $89
  • Buyer: Hempel Real Estate
  • Seller: Vascular Solutions Inc

Hempel Real Estate acquired the property from Vascular Solutions Inc, which recently altered its plans following an acquisition by Teleflex Inc. Hempel secured a long-term lease with Laborie Medical Technologies, which is expanding into the Twin Cities market after acquiring Urotronic.

Players

HE
Hempel Real EstateBuyer

Maple Grove 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

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93