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:
- Property Type: Office
- Transaction Amount: $11,300,000
- Loan Type: Refinance
- Landlord: City Center Realty Partners/Contrarian Capital Management
- Brokers involved: Adam Hoffman, Avery Ticer - Cushman & Wakefield; Jeff Altenau & Zach Yarnoff
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
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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93