Daily limit: 0/10
Retail Center In Blaine, MN Sold For $7.6M To 405 87th LLC In Edina
SOLD
$7,600,000
Minnesota
See Similar DealsRetail263,624 SF
Sold
SOLD
Retail Center In Blaine, MN Sold For $7.6M To 405 87th LLC In Edina
405 87th Lane Northeast
See Similar DealsRetail263,624 SF
Sold
Summary
MINNESOTA
Asset Type:Retail
Price Per Square Foot:$28
Total Square Footage:263624 SF
Transaction Type:Sale
The Rainbow Village retail center in Blaine, located at 405 87th Lane Northeast & 667 87th Lane Northeast, has been sold for a price of nearly $7.6 million. The property spans 131,812 square feet and is situated on approximately 12.72 acres of land in the Blaine market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,600,000
- Address: 405 87th Lane Northeast & 667 87th Lane Northeast
- Market: Blaine, MN
- Square Footage: 131,812
- Price Per Square Foot: $58
The buyer of the Rainbow Village retail center is 405 87th LLC, based in Edina. They acquired the property from the seller, Blaine/Atlantic Funding LLC. The transaction was facilitated by Jonathan Adam of Silverstone Realty & Development, who represented the buyer in the deal.
NOTE: The Rainbow Village retail center in Blaine, spanning 131,812 square feet, has been sold for nearly $7.6 million to 405 87th LLC in Edina.
Players
Details
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
Contact
Get in touch with the broker you want
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
Is there something missing? Send suggestions