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38420 Tanger Drive

Updated Dec 4, 2024

Tyler Kadlec Of Tom Kadlec Automotive Acquires North Branch Chevrolet From Pohlad Cos For $4.8M
SOLDRetail

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

Emily Bourne

Performance Brokerage Services

Broker

$4.8M

vol

1 deal

Broker

North Branch Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $453 per square foot on a published $4.8M for 10,588 square feet (2024).

Visit Performance Brokerage Services to view all their deals.

Browse North Branch retail sales on Traded.

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

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