Real Capital Solutions Sells Industrial Property In Brooklyn Park For $23.5M
6600 94th Avenue North
$23,500,000
$150/SF
Building Size
156,000 SF
Asset Type
Industrial
Closing
Jun 2, 2025
AI
The property asset involved in this transaction is an industrial facility located at 6600 94th Avenue North, Brooklyn Park, MN. The sale price for this asset was $23,500,000, and it encompasses a total square footage of 156,000, translating to a price per square foot of $151.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $23,500,000
- Square Footage: 156,000
- Price per Square Foot: $151
- Seller: Real Capital Solutions
- Market: Brooklyn Park, MN
- Sale Date: 06/02/2025
The sale was executed by Real Capital Solutions, which had previously acquired the building from Ryan Cos. in 2020 for $22.3 million. The transaction occurred amid a robust Twin Cities industrial market characterized by a direct vacancy rate of 3.6%.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93