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13300 Pioneer Trail

FREC Staring Lake LLC Acquires Mixed-Use Asset In Eden Prairie, MN For $6.8M
SOLDMixed-use

FREC Staring Lake LLC Acquires Mixed-Use Asset In Eden Prairie, MN For $6.8M

13300 Pioneer Trail

$6,800,000

$100/SF

Building Size

67,443 SF

Asset Type

Mixed-use

Closing

Feb 22, 2024

AI

The property involved in the transaction is Staring Lake Corporate Center, a 67,443-square-foot multitenant flex building located at 13300 Pioneer Trail in Eden Prairie, MN. The property was sold for $6.8 million at a price per square foot of $101.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,800,000
  • Buyer: FREC Staring Lake LLC
  • Seller: United Properties Investment LLC
  • Broker: Tom O'Brien - Cushman & Wakefield
  • Address: 13300 Pioneer Trail
  • Market: Eden Prairie, MN

The sale of the Staring Lake Corporate Center was facilitated by United Properties Investment LLC and FREC Staring Lake LLC, with Tom O'Brien from Cushman & Wakefield serving as the broker in the transaction.

Players

Tom O'Brien

Cushman & Wakefield

Broker

$21M

vol

2 deals

Broker

Eden Prairie 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

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93