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Marcus & Millichap Sells Retail Property In Eden Prairie, Minnesota For $2.275M

Property Image
SOLD
$2,275,000
Sam Liberow
Alvin Mansour

Minnesota

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Retail8,276 SF
Sold 02/23/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Retail Property In Eden Prairie, Minnesota For $2.275M

7711 Mitchell Road,Eden Prairie, Minnesota

See Similar Deals
Retail8,276 SF
Sold 02/23/2023
Sam Liberow
Alvin Mansour
the dealplayerscompscontact
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Summary

MINNESOTA
Asset Type:Retail
Price Per Square Foot:$274
Total Square Footage:8,276 SF
Transaction Type:Sale

The retail property located at 7711 Mitchell Road in Eden Prairie, Minnesota has been sold in a recent transaction. The property spans 8,276 square feet and was sold for a total price of $2,275,000, resulting in a price per square foot of $274. The deal was facilitated by brokers Tom Gommels, Alvin N. Mansour, and Sam Liberow from Marcus & Millichap.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,275,000
  • Square Footage: 8,276
  • Price per Square Foot: $274
  • Address: 7711 Mitchell Road, Eden Prairie, Minnesota
  • Market: Eden Prairie, Minnesota
  • Brokers: Tom Gommels, Alvin N. Mansour, and Sam Liberow - Marcus & Millichap

The involvement of Tom Gommels, Alvin N. Mansour, and Sam Liberow from Marcus & Millichap was instrumental in facilitating this successful transaction. Their expertise in the retail market and their representation of the buyer and seller proved valuable in ensuring a smooth and efficient deal process.

Players

Alvin Mansour
Marcus & Millichap
Alvin Mansour
7 deals$121M volume
BROKER
Sam Liberow
Marcus & Millichap
Sam Liberow
105 deals$762.3M volume
BROKER

Details

SOLD
IMAGE: Alvin N. Mansour, Sam Liberow & Tom Gommels DATE: 02/23/2023 ADDRESS: 7711 Mitchell Road MARKET: Eden Prairie, Minnesota ASSET TYPE: Retail BROKERS: Tom Gommels, Alvin N. Mansour & Sam Liberow - Marcus & Millichap SALE PRICE: $2,275,000 SF: 8,276 ~ PPSF: $274

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$121,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,082.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,784.66
Annual Debt Service$129,415.93