facebook
Traded Co logo
Submit
Daily limit: 0/10

Nuveen Acquires Silver Lake Village Retail Center In Saint Anthony For $44.4 Million

Property Image
SOLD
$44,400,000

Minnesota

See Similar Deals
Retail168,812 SF
Sold 04/08/2026
the dealdetailscomps
Property Image
SOLD

Nuveen Acquires Silver Lake Village Retail Center In Saint Anthony For $44.4 Million

3920 Silver Lake Road Northeast

See Similar Deals
Retail168,812 SF
Sold 04/08/2026
the dealdetailscomps

Summary

MINNESOTA
Asset Type:Retail
Price Per Square Foot:$263
Total Square Footage:168,812 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 3920 Silver Lake Road Northeast in Saint Anthony, MN. It comprises a total of 168,812 square feet and is part of a nine-building retail center anchored by Cub. The transaction was completed for a sale price of $44,400,000, which is approximately $263 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $44,400,000
  • Square Footage: 168,812 SF
  • Sale Price per Square Foot: $263
  • Buyer: Nuveen
  • Seller: Sterling Organization
  • Sale Date: 04/08/2026
  • Market: Saint Anthony, MN

Nuveen acquired the Silver Lake Village retail center from Sterling Organization, marking a 29% value increase over six years from its previous sale in 2020. This transaction underscores the sustained interest from investors in stabilized retail assets within the Twin Cities amid broader market fluctuations.

Players

Nuveen
Nuveen
BUYER
Sterling Organization
Sterling Organization
SELLER

Details

SOLD
IMAGE: 04/08/2026 ADDRESS: 3920 Silver Lake Road Northeast MARKET: Saint Anthony, MN ASSET TYPE: Retail BUYER: Nuveen SELLER: Sterling Organization SALE PRICE: $44,400,000 SF: 168,812 ~ PPSF: $263 NOTE: Nuveen acquired Silver Lake Village 168,812-square-foot, nine-building retail center anchored by Cub, for $44.4 million, up $10 million from its 2020 sale.The transaction marks a 29% value increase over six years and highlights continued investor interest in stabilized retail assets in the Twin Cities, despite broader market volatility.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,368,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$157,743.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$210,478.65
Annual Debt Service$2,525,743.82