Burnsville Commercial Partners LLC Acquires Former Macy's Store In Burnsville For $4M
14251 Burnhaven Drive
$4,000,000
Building Size
—
Asset Type
Retail
Closing
Jul 22, 2025
AI
The property involved in this transaction is a retail asset located at 14251 Burnhaven Drive in Burnsville, MN. The sale took place on July 22, 2025, with a transaction amount of $4,000,000. The property was formerly occupied by Macy’s as an anchor store.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Buyer: Burnsville Commercial Partners LLC
- Seller: Macy's
- Buyer's Representative: Yama Zhong - Keller Williams
- Seller's Representative: David Daly - CBRE
Macy’s executed the sale of its former Burnsville Center anchor store to Burnsville Commercial Partners LLC. The intentions or future plans of the buyer for the property remain undisclosed.
Players
Burnsville 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93