Updated Dec 4, 2024
Inland Real Estate Group Acquires Senior Housing Property In Edina For $41M
6300 Colonial Way
$41,000,000
Units
139
Asset Type
Senior Housing
Closing
Oct 16, 2023
About this deal
AI
The Waters Senior Living of Edina, a senior housing facility located at 6300 Colonial Way in Edina, was recently sold for over $41 million. The property consists of 139 units, with an average price per unit of $294,964.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $41,000,000
- Address: 6300 Colonial Way
- Market: Edina
- Buyer: Inland Real Estate Group of Companies - Daniel L. Goodwin
- Seller: Prudential Private Capital - Jeffrey Dickson
The buyer of the property is the Inland Real Estate Group of Companies, represented by Daniel L. Goodwin. The seller is Prudential Private Capital, represented by Jeffrey Dickson. Despite the change in ownership, the day-to-day operations at the facility will remain the same.
On the Map
$41,000,000
Senior Housing
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Players
Minneapolis Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93