facebook

traded

+ Submit
Home

/

Deals

/

Minnesota

/

Office

/

Loan

/

7201 Metro Boulevard

Cushman & Wakefield Arranges $11.3 Million Refinance For Edina Office Building 94% Leased
FINANCEDOffice

Cushman & Wakefield Arranges $11.3 Million Refinance For Edina Office Building 94% Leased

7201 Metro Boulevard

$11,300,000

$104/SF

Building Size

108,000 SF

Asset Type

Office

Closing

Feb 6, 2025

AI

The E is a 108,000-square-foot office building located at 7201 Metro East Boulevard in Edina, Minnesota. The property underwent full renovation and rebranding in 2021 and currently has a leasing rate of 94% with 11 tenants occupying the space.

Summary of transaction details:

Cushman & Wakefield arranged the refinancing package for the property, which was instrumental in securing the financing. The transaction was completed on 02/06/2025, indicating the financial commitment to enhancing the asset's market presence.

Players

Avery Ticer

Cushman & Wakefield

Broker

$44.4M

vol

4 deals

Broker

Minneapolis Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93