University Of Minnesota Acquires Retail Property Station 19 For $8 Million In Minneapolis
2001 Southeast University Avenue
$8,000,000
Building Size
—
Asset Type
Retail
Closing
Mar 23, 2026
AI
The asset involved in this transaction is a retail property located at 2001 University Avenue Southeast in the Minneapolis, MN market. The sale was completed for $8 million, as part of a transaction where the University of Minnesota acquired the property, which is known as Station 19.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Address: 2001 University Avenue Southeast
- Market: Minneapolis, MN
This transaction was exclusively brokered by Hayden Hulsey, CCIM, and Mark Hulsey, both representing Results Commercial. They played a vital role in facilitating the sale of Station 19 to the University of Minnesota, subsequently adding this property to the university’s portfolio.
Players
Minneapolis 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93