Mankato Mixed-Use Investment (Retail, Multi-Family)

[Cate DeBates]

Investment Info:

Retail commercial investment investment.

Purchased as an asset sale in October 2019 as a buy/hold investment.

What made you interested in investing in this type of deal?

Increased demand for historic district rentals and excellent rental history.

How did you find this deal and how did you negotiate it?

Sphere of influence purchase - off market opportunity.

How did you finance this deal?

Traditional + Seller back financing

How did you add value to the deal?

New 5-year Triple Net commercial lease with annual increases upon closing. New roof negotiated into purchase. Minimal apartment updates.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Coldwell Banker Commercial Fisher Group, Fisher Management Company.