Timber Development Corp Sells Super Center Square Retail Center In New Ulm For $4.1M With CBRE Brokers AJ Prins & Sean Doyle
1702 Westridge Road New Ulm, Minnesota 56073, USA
$4,100,000
$100/SF
Building Size
40,700 SF
Asset Type
Retail
Closing
Jul 6, 2023
About this deal
AI
Timber Development Corp. has sold Super Center Square, a 40,700-square-foot retail center located at 1702 Westridge Road in New Ulm, Minnesota. The property was sold for $4.1 million to an undisclosed buyer. The sale price equates to approximately $101 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,100,000
- Address: 1702 Westridge Road
- Market: New Ulm, Minnesota
The sale of Super Center Square was facilitated by CBRE brokers AJ Prins and Sean Doyle. They represented Timber Development Corp. in the transaction.
On the Map
$4,100,000
$100/SF
Retail
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New Ulm 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93