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12155 Nicollet Avenue South

Big River Real Estate Acquires 48K SF Burnsville Industrial Property For $5.35M
SOLDOffice

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

Judd Welliver

CBRE

Broker

$1.8B

vol

27 deals

Broker
First Industrial Realty Trust
First Industrial Realty TrustBrokerage
First Industrial Realty Trust
First Industrial Realty TrustSeller

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