Updated Oct 13, 2026
Davis Healthcare Real Estate Acquires Birch Run Medical Building In Maplewood For $9.85M
1747 Beam Avenue
$9,850,000
$351/SF
Building Size
28,000 SF
Asset Type
Medical Office
Closing
Jul 1, 2025
About this deal
AI
The property involved in this transaction is a medical office located at 1747 Beam Avenue in Maplewood, MN. The asset has a square footage of 28,000, and the sale price was $9,850,000, resulting in a price per square foot of approximately $352. The building is fully leased, with M Health occupying 86% under a 10-year lease.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $9,850,000
- Square Footage: 28,000
- Address: 1747 Beam Avenue
- Market: Maplewood, MN
- Price per Square Foot: $352
- Buyer: Davis Healthcare Real Estate
Davis Healthcare Real Estate's acquisition included the Birch Run Medical Building as part of a larger portfolio purchase, which also featured a property in Iowa priced at $24.15 million, marking Davis' first entry into that state.
On the Map
$9,850,000
$351/SF
Medical Office
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Saint Paul Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.61%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93