FINANCED
Hyde Development & Mortenson Properties Secures $12.8M Loan For Fridley, Minnesota Industrial Property
5101 Industrial Boulevard & 38 Northern Stacks Drive
Industrial
191,949 SF
191,949 SF
Summary
Loan
MINNESOTA
Industrial
191,949 sqft
Hyde Development and Mortenson Properties, Inc. have closed a transaction in Fridley, Minnesota. The industrial property located at 5101 Industrial Blvd. and 38 Northern Stacks Drive spans a total area of 191,949 square feet. The asset type of this property is industrial.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,800,000
- Loan Terms: Seven-year, fixed-rate loan
- Landlord: Hyde Development and Mortenson Properties, Inc.
- Brokers: Brock Yaffe and Britta Lund - JLL Capital Markets
The loan amount for this transaction was $12,800,000, with a fixed-rate loan term of seven years. Brock Yaffe and Britta Lund from JLL Capital Markets represented the parties involved in the deal.
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Details
FINANCED
IMAGE: Brock Yaffe
DATE: 02/15/2022
ADDRESS: 5101 Industrial Blvd. & 38 Northern Stacks Drive
MARKET: Fridley, Minnesota
ASSET TYPE: Industrial ~ SF: 191,949
LANDLORD: Hyde Development & Mortenson Properties, Inc.
BROKERS: Brock Yaffe & Britta Lund - JLL Capital Markets
LOAN AMOUNT: $12,800,000
LOAN TERMS: seven-year, fixed-rate loanView on map
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Address5101 Industrial Boulevard & 38 Northern Stacks Drive
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