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Igal Namdar, Elliot Nassim, Jonathan Abda & Jonathan Nazarian Acquire Office In Bloomington For $4M

Property Image
SOLD
$4,000,000
Igal Namdar

Minnesota

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Office467,016 SF
Sold 09/12/2025
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Property Image
SOLD

Igal Namdar, Elliot Nassim, Jonathan Abda & Jonathan Nazarian Acquire Office In Bloomington For $4M

5800 West 84th Street

See Similar Deals
Office467,016 SF
Sold 09/12/2025
Igal Namdar
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Summary

MINNESOTA
Asset Type:Office
Price Per Square Foot:$8
Total Square Footage:467,016 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 5800 West 84th Street, Bloomington, MN. The asset type is an office building with a sale price of $4,000,000. The building spans a total square footage of 467,016, resulting in a price per square foot of $8.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,000,000
  • Square Footage: 467,016
  • Price per Square Foot: $8
  • Buyer: Igal Namdar, Elliot Nassim, Jonathan Abda & Jonathan Nazarian
  • Seller: Opal Holdings
  • Seller's Representative: Avery Ticer - Cushman & Wakefield

The key individuals involved in the deal include the buyers, Igal Namdar, Elliot Nassim, Jonathan Abda, and Jonathan Nazarian, who collectively acquired the property from the seller, Opal Holdings. The transaction was facilitated by the seller's representative, Avery Ticer from Cushman & Wakefield, who played a crucial role in the negotiation process.

Players

Avery Ticer
4 deals$44.4M volume(952) 893-7592
BROKER

Cushman & Wakefield
BROKERAGE

Igal Namdar
23 deals$2.1B volume
BUYER


Details

SOLD
IMAGE: Jonathan Abda, Igal Namdar & Jonathan Nazarian DATE: 9/12/2025 ADDRESS: 5800 West 84th Street MARKET: Bloomington, MN ASSET TYPE: Office BUYER: Igal Namdar, Elliot Nassim, Jonathan Abda & Jonathan Nazarian (@JonNazarian) SELLER: Opal Holdings SELLER'S REP: Avery Ticer - Cushman & Wakefield (@CushWake) SALE PRICE: $4,000,000 SF: 467,016 ~ PPSF: $8

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49