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7711 Mitchell Road,Eden Pra...

Updated Sep 9, 2024

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

About this deal

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

$129.9M

vol

9 deals

Broker

Eden Prairie Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $274 per square foot on a published $2.3M for 8,276 square feet (2023).

Visit Sam Liberow to view all their deals.

Browse Minnesota retail sales on Traded.

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

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