Q-Tech Properties, L.P. Acquires Retail Asset From The Christopher Trust For $6.5M In Saint Paul
1180 Arcade St
$6,500,000
$448/SF
Building Size
14,490 SF
Asset Type
Retail
Closing
Jan 30, 2017
About this deal
AI
The property asset involved in this transaction is located at 1180 Arcade St in the Saint Paul market. This retail asset was sold for a price of $6,500,000.00 and encompasses a total square footage of 14,490.0.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,500,000.00
- Address: 1180 Arcade St
- Market: Saint Paul
- Square Footage: 14,490.0
- Buyer: Q-Tech Properties, L.P.
- Seller: The Christopher Trust
The transaction was facilitated by several brokers, including Joe Bolognese, Jeff Luster, Randy Blankstein of The Boulder Group, and Jimmy Goodman of The Boulder Group. These individuals played critical roles in the negotiation and completion of the sale.
On the Map
$6,500,000
$448/SF
Retail
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Players
Saint Paul Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93