Big River Real Estate Acquires 48K SF Burnsville Industrial Property For $5.35M
12155 Nicollet Avenue South
$5,350,000
$111/SF
Building Size
48,000 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
A 48,000-square-foot industrial property located at 12155 Nicollet Avenue South in Burnsville, MD has been sold for $5.35 million. The property was acquired by Ryan Mallery's Big River Real Estate through its subsidiary, Big River Nicollet LLC.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,350,000
- Address: 12155 Nicollet Avenue South, Burnsville, MD
- Market: Burnsville, MD
- Acres: 5.8
The sale of this industrial property was facilitated by CBRE brokers, including Bentley Smith, Joseph Horrigan, Judd Welliver, Michael Caprile, Ryan Bain, and Zachary Graham. The seller in the transaction was First Industrial LP.
Players
Burnsville Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93