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735 Olive Street

Updated Aug 13, 2026

Horizon Fitness Acquires William Hill Business Center In Saint Paul For $6.325M
SOLDIndustrial

Horizon Fitness Acquires William Hill Business Center In Saint Paul For $6.325M

735 Olive Street

$6,325,000

$120/SF

Building Size

52,317 SF

Asset Type

Industrial

Closing

Aug 11, 2026

About this deal

AI

The property asset involved in this transaction is an industrial facility located at 735 Olive Street, Saint Paul, MN, covering an area of 3.19 acres. The sale price for this asset was $6,325,000, and it has a total square footage of 52,317. This property features 45,160 square feet of warehouse space and has recently undergone renovations.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,325,000
  • Address: 735 Olive Street, Saint Paul, MN
  • Asset Size: 3.19 acres
  • Total Square Footage: 52,317
  • Sale Price per Square Foot: $121
  • Buyer: Olive Street Holdings LLC
  • Seller: Willowick Properties
  • Brokers: Eric Batiza & Jack Nei - JLL; Jake Kelly - Cushman & Wakefield

This transaction involved key individuals including buyers from Olive Street Holdings LLC and representatives from both JLL and Cushman & Wakefield. The facility acquired will serve as a replacement for Horizon Fitness’s leased location in Eagan, reinforcing the buyer's investment in newly renovated industrial spaces in the region.

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$6,325,000

$120/SF

Industrial

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Players

Eric Batiza

JLL

Broker

$6.3M

vol

1 deal

Broker
WP
Willowick PropertiesSeller

Olive Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $120 per square foot on a published $6.3M for 52,317 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.51%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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