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BAPS Shri Swaminarayan Mandir Purchases Industrial Property From Syntegon Packaging For $6.27M

Property Image
SOLD
$6,270,000
Daniel (Dan) Swartz
Austin Lovin

Minnesota

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Industrial76,547 SF
Sold 07/29/2025
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Property Image
SOLD

BAPS Shri Swaminarayan Mandir Purchases Industrial Property From Syntegon Packaging For $6.27M

8700 Wyoming Avenue North

See Similar Deals
Industrial76,547 SF
Sold 07/29/2025
Daniel (Dan) Swartz
Austin Lovin
the dealplayerscompscontact
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Summary

MINNESOTA
Asset Type:Industrial
Price Per Square Foot:$81
Total Square Footage:76,547 SF
Transaction Type:Sale

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

Daniel (Dan) Swartz
CBRE
Daniel Swartz
3 deals$6.3M volume(612) 419-5950
BROKER
Austin Lovin
CBRE
Austin Lovin
4 deals$6.3M volume(641) 352-0359
BROKER
CBRE
CBRE
BROKERAGE

Details

SOLD
IMAGE: 07/29/2025 ADDRESS: 8700 Wyoming Avenue North MARKET: Brooklyn Park, MN ASSET TYPE: Industrial BUYER: BAPS Shri Swaminarayan Mandir SELLER: Syntegon Packaging Technology BROKERS: Austin Lovin & Dan Swartz - CBRE SALE PRICE: $6,270,000 SF: 76,547 ~ PPSF: $82 NOTE: BAPS Shri Swaminarayan Mandir bought a 76,547-square-foot industrial property in Brooklyn Park for $6.27 million to accommodate its growing congregation. The property, formerly used by Syntegon Packaging, will be converted into a religious center following city approval.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$334,399.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,275.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,723.00
Annual Debt Service$356,675.99