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
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