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Roseville, Minnesota, Unite...

Biynah Industrial Partners Acquires Portfolio In Roseville, Oakdale & Woodbury, Minnesota Industrial Sale
SOLDIndustrial

Biynah Industrial Partners Acquires Portfolio In Roseville, Oakdale & Woodbury, Minnesota Industrial Sale

Roseville, Minnesota, United States

$38,200,000

$101,595/SF

Building Size

376 SF

Asset Type

Industrial

Closing

Jun 1, 2023

AI

An industrial property located in Roseville, Oakdale, and Woodbury, Minnesota has been sold for a price of $38,200,000. The property spans over 376,218 square feet, resulting in a price per square foot of $102. The transaction took place on January 6, 2023 and involved the buyer, Biynah Industrial Partners represented by Ben Applebaum, and the seller, Link Logistics represented by Luke Petherbridge.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $38,200,000
  • Address: Portfolio
  • Market: Roseville, Oakdale & Woodbury, Minnesota

Ben Applebaum, representing Biynah Industrial Partners, acted as the buyer in this transaction. On the other hand, Luke Petherbridge represented the seller, Link Logistics. Together, they facilitated the successful sale of this industrial property.

Players

Link Logistics Real Estate
Link Logistics Real EstateBrokerage

Luke Petherbridge

Seller

$1B

vol

15 deals

Seller

Saint Paul 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

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93