CMBS properties in Minnesota
62 property records in 24 deals. Largest cities: Mankato (6), Oakdale (5), Shakopee (5), Mounds View (5), Rochester (5).
62Property records
$1.04BAppraised value (checked records)
24Deals
Median implied cap rate by property type
| Type | n | Median cap rate |
|---|---|---|
| Hotel | 16 | 8.3% |
| Industrial | 12 | 5.2% |
| Retail | 11 | 6.8% |
| Office | 7 | 6.0% |
Largest properties by appraised value
| Property | Type | City | Appraised | Occ. | Deal |
|---|---|---|---|---|---|
| Kahler Grand | Hotel | Rochester | $83.0M | 49.4% | BMARK 2018-B1 |
| Rochester Marriott | Hotel | Rochester | $71.0M | 71.0% | BMARK 2018-B1 |
| Offices at Mall of America | Office | Bloomington | $65.0M | 85.5% | MSC 2018-L1 |
| United HealthCare Services | Office | Eden Prairie | $50.0M | 100.0% | MSC 2012-C4 |
| 10100 89th Avenue N | Industrial | Maple Grove | $39.5M | 100.0% | MSC 2022-L8 |
| 10100 89th Avenue N | Industrial | Maple Grove | $39.5M | 100.0% | WFCM 2022-C62 |
| 10100 89th Avenue North | Industrial | Maple Grove | $39.5M | 100.0% | BANK 2022-BNK41 |
| 10100 89th Avenue N | Industrial | Maple Grove | $39.5M | 100.0% | BBCMS 2022-C16 |
| 800 Northwest 4th Street | Industrial | Perham | $37.5M | 100.0% | BANK 2022-BNK41 |
| Kahler Inn & Suites | Hotel | Rochester | $35.0M | 65.9% | BMARK 2018-B1 |
| Marriott Minneapolis Northwest | Hotel | Brooklyn Park | $30.3M | 72.0% | BANK 2017-BNK5 |
| TE Connectivity | Industrial | Shakopee | $30.1M | 100.0% | BANK 2017-BNK5 |
| Tyco Electronics | Industrial | Shakopee | $30.1M | 100.0% | DBJPM 2017-C6 |
| TE Connectivity | Industrial | Shakopee | $30.1M | BANK 2017-BNK6 | |
| Tyco Electronics | Industrial | Shakopee | $30.1M | 100.0% | JPMDB 2017-C7 |
| Tyco Electronics | Industrial | Shakopee | $30.1M | 100.0% | BMARK 2018-B1 |
| Residence Inn Rochester | Hotel | Rochester | $21.0M | 73.6% | BMARK 2018-B1 |
| Mills Fleet Farm - Mankato, MN | Retail | Mankato | $20.6M | 100.0% | CD 2016-CD2 |
| Barlow Plaza | Retail | Rochester | $20.3M | 90.0% | MSC 2021-L7 |
| Fleet Farm Cambridge | Retail | Cambridge | $19.1M | 100.0% | BBCMS 2022-C18 |
| Walgreens - St Paul | Retail | Saint Paul | $19.0M | 100.0% | BBCMS 2022-C16 |
| Hilton Garden Inn St. Paul Oakdale | Hotel | Oakdale | $16.0M | 80.0% | BANK 2017-BNK5 |
| Hilton Garden Inn St Paul Oakdale | Hotel | Oakdale | $16.0M | 80.0% | DBJPM 2017-C6 |
| Hilton Garden Inn St. Paul Oakdale | Hotel | Oakdale | $16.0M | BANK 2017-BNK6 | |
| Hilton Garden Inn St Paul Oakdale | Hotel | Oakdale | $16.0M | 80.0% | JPMDB 2017-C7 |
| Hilton Garden Inn St Paul Oakdale | Hotel | Oakdale | $16.0M | 80.0% | BMARK 2018-B1 |
| US Storage Centers - Duluth | Self Storage | Duluth | $15.1M | 94.2% | BANK 2021-BNK32 |
| Woodlake Office Center | Office | Woodbury | $14.6M | 100.0% | MSC 2018-H3 |
| US StorageMart Portfolio - 11001 Excelsior Boulevard | Self Storage | Hopkins | $13.8M | 89.3% | MSBAM 2015-C23 |
| US Storage Centers - St. Paul | Self Storage | Saint Paul | $9.2M | 86.2% | BANK 2021-BNK32 |
| Baxalta (Mounds View) | Office | Mounds View | $7.4M | 100.0% | BANK 2017-BNK5 |
| Baxalta (Mounds View) | Office | Mounds View | $7.4M | 100.0% | DBJPM 2017-C6 |
| Baxalta (Mounds View) | Office | Mounds View | $7.4M | BANK 2017-BNK6 | |
| Baxalta (Mounds View) | Office | Mounds View | $7.4M | 100.0% | JPMDB 2017-C7 |
| Baxalta (Mounds View) | Office | Mounds View | $7.4M | 100.0% | BMARK 2018-B1 |
| 2427 Henry Road NW | Industrial | Stewartville | $7.1M | 100.0% | BANK5 2026-5YR22 |
| 2427 Henry Road NW | Industrial | Stewartville | $7.1M | 100.0% | BMO 2026-5C15 |
| US Storage Centers - Brainerd | Self Storage | Brainerd | $6.0M | 90.1% | BANK 2021-BNK32 |
| BZ Brooklyn Park Consolidated | Retail | Brooklyn Park | $5.0M | 100.0% | JPMBB 2015-C31 |
| BZ Eden Prairie | Retail | Eden Prairie | $5.0M | 100.0% | JPMBB 2015-C31 |
| BZ Lakeville Consolidated | Retail | Lakeville | $5.0M | 100.0% | JPMBB 2015-C31 |
| BZ Blaine Consolidated | Retail | Blaine | $4.9M | 100.0% | JPMBB 2015-C31 |
| Goodwill | Retail | Forest Lake | $4.9M | 100.0% | WFCM 2022-C62 |
| 703 East Main Street | Retail | Albert Lea | $4.4M | 100.0% | BANK5 2026-5YR20 |
| 1321 Oxford Street | Retail | Worthington | $4.3M | 100.0% | BANK5 2026-5YR20 |
| North Star Terrace MHP | Manufactured Housing | East Grand Forks | $3.9M | 77.4% | JPMCC 2017-JP5 |
| Mankato Fairfield Inn | Hotel | Mankato | $3.6M | 58.0% | BANK 2017-BNK5 |
| Mankato Fairfield Inn | Hotel | Mankato | $3.6M | 58.0% | DBJPM 2017-C6 |
| Mankato Fairfield Inn | Hotel | Mankato | $3.6M | BANK 2017-BNK6 | |
| Mankato Fairfield Inn | Hotel | Mankato | $3.6M | 58.0% | JPMDB 2017-C7 |
| Mankato Fairfield Inn | Hotel | Mankato | $3.6M | 58.0% | BMARK 2018-B1 |
| Dollar Tree – Fridley, MN | Retail | Fridley | $2.2M | 100.0% | MSC 2022-L8 |
| Dollar Tree – Fridley, MN | Retail | Fridley | $2.2M | 100.0% | BANK 2022-BNK41 |
| Lock-Up Self Storage Facility | Other | Bloomington | $2.1M | BANK 2017-BNK5 | |
| Lock-Up Self Storage Facility | Other | Bloomington | $2.1M | DBJPM 2017-C6 | |
| Baymont Inn & Suites - 100 15th Street Southeast | Hotel | Glenwood | $1.9M | 66.8% | BBCMS 2022-C18 |
| Zumbrota, MN Retail | Retail | Zumbrota | $1.2M | 100.0% | JPMBB 2013-C15 |
Deals with the most Minnesota properties
| Deal | Filed | Records here |
|---|---|---|
| BMARK 2018-B1 | 2018-01-31 | 8 |
| BANK 2017-BNK5 | 2017-06-29 | 6 |
| DBJPM 2017-C6 | 2017-06-29 | 5 |
| MSBAM 2015-C20 | 2015-01-29 | 4 |
| JPMBB 2015-C31 | 2015-08-28 | 4 |
| BANK 2017-BNK6 | 2017-07-27 | 4 |
| JPMDB 2017-C7 | 2017-10-31 | 4 |
| BANK 2021-BNK32 | 2021-03-24 | 4 |
| BANK 2022-BNK41 | 2022-05-05 | 3 |
| MSC 2022-L8 | 2022-04-07 | 2 |
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.