Tyler Kadlec Of Tom Kadlec Automotive Acquires North Branch Chevrolet From Pohlad Cos For $4.8M
38420 Tanger Drive
$4,800,000
$453/SF
Building Size
10,588 SF
Asset Type
Retail
Closing
Nov 12, 2024
About this deal
AI
The property involved in this transaction is a retail asset located at 38420 Tanger Drive in North Branch, MN, encompassing 9.4 acres. The transaction was finalized with a sale price of $4,800,000, and the building offers a total of 10,588 square feet, resulting in a price per square foot of $453. The dealership, constructed in 2012, is set to be renamed Tom Kadlec Chevrolet following the sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,800,000
- Property Address: 38420 Tanger Drive
- Market: North Branch, MN
- Asset Size: 9.4 Acres
- Square Footage: 10,588 SF
- Price Per Square Foot: $453
- Buyer: Tyler Kadlec - Tom Kadlec Automotive
- Seller: Pohlad Cos.
- Brokers: Emily Bourne & Matt Willis
This transaction features Tyler Kadlec, representing Tom Kadlec Automotive as the buyer, and Pohlad Cos. as the seller. The brokers facilitating the deal are Emily Bourne and Matt Willis, marking a significant transaction in the retail automotive sector.
Players
North Branch 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93