Hanad Farah Purchases 32,000 Square Foot Sports Arena In Brooklyn Park For $2.2M From Peter Remes
8401 83rd Avenue North
$2,200,000
$68/SF
Building Size
32,000 SF
Asset Type
Sports Arena
Closing
Aug 6, 2026
AI
The sports arena located at 8401 83rd Avenue North in Brooklyn Park, MN, has a sale price of $2,200,000. The asset encompasses a total square footage of 32,000, translating to a price per square foot of $69. The facility is recognized as the Le Dome by Lucky Shots indoor pickleball facility.
Summary of transaction details:
- Property Type: Sports Arena
- Transaction Amount: $2,200,000
- Address: 8401 83rd Avenue North
- Market: Brooklyn Park, MN
- Square Footage: 32,000
- Price per Square Foot: $69
- Buyer: Hanad Farah
- Seller: Peter Remes - First & First
Hanad Farah acquired the property through a contract-for-deed financing arrangement. Plans for the facility include renovations aimed at transforming it into an indoor youth-focused soccer complex. Peter Remes of First & First exited the investment after initially acquiring and redeveloping the site in 2024.
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Tall Timbers Sports Arena Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93