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University Of Minnesota Acquires Retail Property Station 19 For $8 Million In Minneapolis
SOLD
Minnesota
See Similar DealsRetail
Sold 03/23/2026
SOLD
University Of Minnesota Acquires Retail Property Station 19 For $8 Million In Minneapolis
2001 Southeast University Avenue
See Similar DealsRetail
Sold 03/23/2026
Summary
MINNESOTA
Asset Type:Retail
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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