Baaco Properties Acquires Office Building At 4001 Stinson Boulevard NE For $2.1M
4001 Stinson Boulevard Northeast
$2,100,000
$32/SF
Building Size
65,000 SF
Asset Type
Office
Closing
Oct 22, 2026
About this deal
AI
The property involved in this transaction is an office asset located at 4001 Stinson Boulevard Northeast in Silver Lake Plaza, Minneapolis, MN. The sale price settled at $2,100,000, encompassing a total square footage of 65,000, equating to a price per square foot of $32.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,100,000
- Address: 4001 Stinson Boulevard Northeast, Silver Lake Plaza, Minneapolis, MN
- Market: Minneapolis, MN
- Buyer: Aaron Hakimian, Eitan Zargari & Ariel Hakimian - Baaco Properties
- Seller: Leonard Anderson
- Broker: Ann Stahley - Cushman & Wakefield
Baaco Properties successfully acquired the property and is actively seeking additional office buildings on a national scale. Eitan Hakimian can be contacted for opportunities at [email protected].
On the Map
$2,100,000
$32/SF
Office
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Players
Minneapolis 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93