SOLDRetail
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
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.
Players
Saint Paul Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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