Laserfiche WebLink
3001 1st St S - Hobby Lobby <br />Willmar, MN 56201 <br />Sale on 2/22/2018 for $5,702,205 ($103.68/SF) - Research Complete <br />55,000 SF Retail Freestanding Building Built in Jan 2017 <br />SOLD <br />1 <br />Buyer & Seller Contact Info <br />Recorded Buyer:Recorded Seller:MIA III LLCCole HL Willmar MN LLC <br />True Buyer:True Seller:Copeland Development & <br />Construction Co., Inc <br />101 Vine St <br />Chillicothe, MO 64601 <br />(660) 707-1412 <br />CIM Income NAV, Inc. <br />Buyer Type:Seller Type:Developer/Owner-RGNLPrivate REIT <br />Sale Date: <br />Price/SF: <br />Sale Price: <br />Actual Cap Rate: <br />$103.68 <br />$5,702,205-Confirmed <br />02/22/2018 <br />Bldg Type: <br />Land Area: <br />Sale Conditions: <br />Year Built/Age: <br />GLA: <br />6.80% <br />Retail - Freestanding <br />Built in Jan 2017 Age: 1 <br />55,000 SF <br />5.62 AC (244,777 SF) <br />Investment Triple Net <br />Percent Leased:100.0% <br />Transaction Details <br />Asking Price:- <br />Price/AC Land Gross:$1,014,753.62 <br />Total Value Assessed: <br />Improved Value Assessed <br />Land Value Assessed: <br />$4,187,400 in 2017 <br />$3,362,600 <br />$824,800 <br />Percent Improved:80.3% <br />Land Assessed/AC:$146,779 <br />InvestmentSale Type: <br />ID: 4288420 <br />- <br />Spacer <br />Tenancy:Single <br />Escrow Length:- <br />Parcel No: <br />Financing: <br />95-085-0010 <br />Down payment of $5,702,205.00 (100.0%) <br />No. of Tenants:1 <br />Spacer <br />Tenants at time of sale:Hobby Lobby <br />Copyrighted report licensed to International Appraisal Company - 691368. <br />Page 3