HOPE 4 Youth Inc. Purchases Retail Property On Central Avenue In Blaine For $2.52M From Village Bank
8565 Central Avenue Northeast
$2,520,000
Building Size
—
Asset Type
Retail
Closing
Sep 16, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 8565 Central Avenue Northeast in Blaine, MN. The asset, previously known as Capra’s Sporting Goods, was purchased for $2,520,000. It is intended for use by the nonprofit organization, HOPE 4 Youth Inc., which aims to expand its services for youths experiencing homelessness.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,520,000
- Buyer: HOPE 4 Youth Inc.
- Seller: Village Bank
- Sale Date: 09/16/2025
HOPE 4 Youth Inc. acquired the property from Village Bank after the prior owners defaulted on their obligations. The nonprofit is currently based in Coon Rapids and will utilize the site to enhance its support for young individuals facing homelessness.
Players
Minneapolis Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.29%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93