BAPS Shri Swaminarayan Mandir Purchases Industrial Property From Syntegon Packaging For $6.27M
8700 Wyoming Avenue North
$6,270,000
$81/SF
Building Size
76,547 SF
Asset Type
Industrial
Closing
Jul 29, 2025
AI
A 76,547-square-foot industrial property located at 8700 Wyoming Avenue North in Brooklyn Park, MN, has been sold for $6,270,000. The asset, previously utilized by Syntegon Packaging Technology, is intended to be repurposed into a religious center following city approval.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,270,000
- Buyer: BAPS Shri Swaminarayan Mandir
- Seller: Syntegon Packaging Technology
- Brokers: Austin Lovin & Dan Swartz - CBRE
- Square Footage: 76,547
- Price Per Square Foot: $82
BAPS Shri Swaminarayan Mandir acquired the property to accommodate its expanding congregation, indicating a strategic move to enhance their operational capacity within the community.
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
2.53%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93