Daily limit: 0/10
FREC Staring Lake LLC Acquires Mixed-Use Asset In Eden Prairie, MN For $6.8M
SOLD
$6,800,000
Minnesota
See Similar DealsMixed-use67,443 SF
Sold 02/22/2024
SOLD
FREC Staring Lake LLC Acquires Mixed-Use Asset In Eden Prairie, MN For $6.8M
13300 Pioneer Trail
See Similar DealsMixed-use67,443 SF
Sold 02/22/2024
Summary
MINNESOTA
Asset Type:Mixed-use
Price Per Square Foot:$100
Total Square Footage:67,443 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
Is there something missing? Send suggestions