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5800 West 84th Street

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

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

Avery Ticer

Cushman & Wakefield

Broker

$44.4M

vol

4 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Igal Namdar

Igal Namdar

Buyer

$2.1B

vol

23 deals

Buyer

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