Raising Cane Acquires Retail Property In Maplewood, MN For $3.4M
White Bear Lake, Minnesota, United States
$3,400,000
Building Size
—
Asset Type
Retail
Closing
Jun 13, 2022
About this deal
AI
A retail property located at 3065 White Bear Ave in Maplewood, MN was recently sold. The property was sold for a price of $3,400,000.
Summary of transaction details
- Property Type: Retail
- Sale Price: $3,400,000
- Address: 3065 White Bear Ave, Maplewood, MN
- Market: Maplewood, MN
The buyer in this transaction was Raising Cane, represented by Ken Tsukahara from Colliers. The seller's representative was Michael Houge from NAI Legacy.
The retail sale at White Bear Lake, Minnesota, United States in Saint Paul, Minnesota sold for $3.4M in 2022. White Bear Lake, Minnesota, United States is classified as Retail on Traded. Michael Houge, Ken Tsukahara, NAI Global, Colliers appear on the sale alongside NAI Global, Colliers. This page is the Saint Paul, Minnesota file for the White Bear Lake, Minnesota, United States retail sold: pricing, party profiles, and other closed retail comps from the same Saint Paul sit in the Market section below. Filter that Saint Paul retail set by closing date to see what else sold near White Bear Lake, Minnesota, United States around 2022. Published consideration for White Bear Lake, Minnesota, United States is $3.4M, dated 2022. Cite this Raising Cane Acquires Retail Property In Maplewood, MN For $3.4M sale when underwriting similar retail product around Saint Paul, Minnesota.
On the Map
$3,400,000
Retail
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Players
Saint Paul 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93