Capital Partners Secures $11 Million Refinance For Grandview Square Office In Edina, MN
5201 Eden Avenue
$11,000,000
$111/SF
Building Size
98,561 SF
Asset Type
Office
Closing
Aug 25, 2026
About this deal
AI
Grandview Square is a fully leased Class-A office building located at 5201 Eden Avenue in Edina, Minnesota. The building encompasses 98,561 square feet and was recently renovated in 2025. It houses 16 tenants and has received a five-year fixed-rate refinance loan amounting to $11,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,000,000
- Loan Type: Refinance
- Loan Terms: 5-year
- Interest Rate: 5.89%
- Landlord: Capital Partners
- Brokers: Billy Mork, Joel Torborg & Mike Vannelli - CBRE
CBRE arranged the refinancing for Grandview Square on behalf of Capital Partners. The loan was successfully secured by the brokers Billy Mork, Joel Torborg, and Mike Vannelli, who played a crucial role in the transaction, facilitating the terms and ensuring a smooth process for their client.
Players
Minneapolis Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93