Updated Oct 28, 2024
Buligo Capital Acquires Industrial Property In Northeast Minneapolis For $15.6M
835 East Hennepin Avenue
$15,612,250
$81/SF
Building Size
191,986 SF
Asset Type
Industrial
Closing
Sep 12, 2022
About this deal
AI
The industrial property located at 835-855 Hennepin Avenue East in Northeast Minneapolis, Minnesota has been sold. The property spans 191,986 square feet and was sold for a price of $15,612,250, resulting in a price per square foot of $81. The transaction took place between the buyer, Buligo Capital Partners, Inc., and the seller, The Sam Miller Corporation.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,612,250
- Address: 835-855 Hennepin Avenue East, Northeast Minneapolis, Minnesota
- Market: Northeast Minneapolis, Minnesota
The sale of this industrial property was facilitated by Harrison Wagenseil and Erik Coglianese, representatives from Transwestern Midwest Capital Markets. They played key roles in the transaction, representing both the buyer, Buligo Capital Partners, Inc., and the seller, The Sam Miller Corporation.
On the Map
$15,612,250
$81/SF
Industrial
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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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93