Buhl Investors Acquires 200000 SF Office Building In Edina From Opus For $15.45M
5901 Lincoln Drive
$15,450,000
$77/SF
Building Size
200,000 SF
Asset Type
Office
Closing
Apr 29, 2025
About this deal
AI
The asset involved in the transaction is an office building located at 5901 Lincoln Drive in Edina, MN. The sale occurred on April 29, 2025, with a transaction amount of $15,450,000. The office building spans 200,000 square feet and was sold at a price per square foot of $77. The property has a total area of 17 acres.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,450,000
- Sale Date: April 29, 2025
- Buyer: Peter Deanovic - Buhl Investors
- Seller: Opus
- Square Footage: 200,000 SF
- Price per Square Foot: $77
- Acres: 17
Buhl Investors acquired the property, which is currently leased to Children’s Minnesota, marking their second purchase for a new income fund. The seller, Opus, had previously redeveloped part of the 17-acre site into a 246-unit multifamily project.
On the Map
$15,450,000
$77/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93