Igal Namdar, Elliot Nassim, Jonathan Abda & Jonathan Nazarian Acquire Office In Bloomington For $4M
5800 West 84th Street
$4,000,000
$8/SF
Building Size
467,016 SF
Asset Type
Office
Closing
Sep 11, 2025
AI
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
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93