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14251 Burnhaven Drive

Burnsville Commercial Partners LLC Acquires Former Macy's Store In Burnsville For $4M
SOLDRetail

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

David Daly

CBRE

Broker

$5.2M

vol

2 deals

Broker
CBRE
CBREBrokerage
Macy's
Macy'sSeller

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