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Real Capital Solutions Sells Industrial Property In Brooklyn Park For $23.5M

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SOLD
$23,500,000

Minnesota

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Industrial156,000 SF
Sold 06/02/2025
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Property Image
SOLD

Real Capital Solutions Sells Industrial Property In Brooklyn Park For $23.5M

6600 94th Avenue North

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Industrial156,000 SF
Sold 06/02/2025
the dealplayerscompscontact
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Summary

MINNESOTA
Asset Type:Industrial
Price Per Square Foot:$150
Total Square Footage:156,000 SF
Transaction Type:Sale

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

Real Capital Solutions (RCS)
Real Capital Solutions (RCS)
SELLER

Details

SOLD
IMAGE: 06/02/2025 ADDRESS: 6600 94th Avenue North MARKET: Brooklyn Park, MN ASSET TYPE: Industrial SELLER: Real Capital Solutions SALE PRICE: $23,500,000 SF: 156,000 ~ PPSF: $151 NOTE: Real Capital Solutions, which bought the building from Ryan Cos. in 2020 for $22.3 million, sold it amid a strong Twin Cities industrial market with a direct vacancy rate of 3.6%.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
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