360 Wall Systems Sells Industrial Property At 7975 Wallace Road In Eden Prairie For $5.7M
7975 Wallace Road
$5,700,000
Building Size
—
Asset Type
Industrial
Closing
May 30, 2025
AI
The property involved in the transaction is located at 7975 Wallace Road in Eden Prairie, MN. It is categorized as an industrial asset and sold for $5,700,000. The transaction included a new 10-year triple-net lease signed by the seller, 360 Wall Systems.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,700,000
- Address: 7975 Wallace Road
- Market: Eden Prairie, MN
- Seller: 360 Wall Systems
- Broker: Max Mantey - Brisky Net Lease
- Lease Type: 10-year triple-net lease
- Subtenant: Hagen Automotive
Max Mantey represented the seller, 360 Wall Systems, in this transaction, highlighting the involvement of Brisky Net Lease in brokering the sale-leaseback agreement. Hagen Automotive is noted as a long-term subtenant remaining in the building following the lease agreement.
Players
Eden Prairie 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93