Biynah Industrial Partners Acquires Portfolio In Roseville, Oakdale & Woodbury, Minnesota Industrial Sale
SOLD
$38,200,000
Minnesota
See Similar DealsIndustrial376 SF
Sold
SOLD
Biynah Industrial Partners Acquires Portfolio In Roseville, Oakdale & Woodbury, Minnesota Industrial Sale
Roseville, Minnesota, United States
See Similar DealsIndustrial376 SF
Sold
Summary
MINNESOTA
Asset Type:Industrial
Price Per Square Foot:$101595
Total Square Footage:376 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,037,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,716.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$181,087.49
Annual Debt Service$2,173,049.86
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