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7711 Mitchell Road,Eden Pra...

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

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

7711 Mitchell Road,Eden Prairie, Minnesota

$2,275,000

$274/SF

Building Size

8,276 SF

Asset Type

Retail

Closing

Feb 23, 2023

AI

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

Broker

$121M

vol

7 deals

Broker

Eden Prairie 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

6.97%

Cash-on-Cash

-1.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93