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835 East Hennepin Avenue

Buligo Capital Acquires Industrial Property In Northeast Minneapolis For $15.6M
SOLDIndustrial

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

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.

Players

Harrison Wagenseil

CBRE

Broker

$69.8M

vol

7 deals

Broker
BI
Buligo Capital Partners, Inc.Buyer

Minneapolis Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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