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
Eden Prairie Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
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