SOLDMixed-use
Josh Budish Of Endeavor Development Acquires 24-Acre Boston Scientific Campus In Minnetonka For $10M
10700 Bren Road West
$10,000,000
$44/SF
Building Size
225,900 SF
Asset Type
Mixed-use
Closing
Jul 1, 2026
AI
The property asset involved in this transaction is a 24-acre mixed-use campus located at 10700 Bren Road West in Minnetonka, Minnesota. The sale was executed for $10 million, with a total square footage of 225,900. The price per square foot is recorded at $44.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 10700 Bren Road West
- Market: Minnetonka, MN
- Asset Size: 24 acres
- Square Footage: 225,900
- Price per Square Foot: $44
- Buyer: Josh Budish - Endeavor Development
- Seller: Boston Scientific
The transaction was characterized by a leaseback agreement where Boston Scientific will continue to occupy the property through the end of 2026. After this period, Endeavor Development intends to redevelop the site into a 273,000-square-foot industrial building.
Players
Hopkins Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93