View Summary for Preliminary eCRV ID 1195308
County:Hennepin    Auditor ID:
Submit Date: 12/16/2020 11:46 AM    Accept Date: 01/15/2021 3:09 PM

Buyers Information

Organization name: Hennepin County Housing and Redevelopment Authority
Address: Suite 400, 701 4th Avenue South, Minneapolis, MN 55415-1843 United States
Foreign address:
No
Phone number:
(651) 354-7729 
Email:
j.michael.noonan@hennepin.us 
  *** MN Revenue does not display SSN/Tax ID fields due to privacy. ***

Sellers Information

Organization name: CPM Hospitality LLC
Address: Suite 400, 4450 Excelsior Boulevard, St. Louis Park, MN 55416 United States
Foreign address:
No
Phone number:
(612) 919-2272 
Email:
 
  *** MN Revenue does not display SSN/Tax ID fields due to privacy. ***

Property Information

County:
Hennepin
Legal description: See attachment
File attached:
Legal Description.pdf
Deeded acres:
0.70
Will use as primary residence:
No
What is included in the sale:
Land and Buildings
New construction:
No
Property Location(s)
Property location:
925 4th Street SE, Minneapolis, 55404
Preliminary Parcel IDs
Parcels to be split or combined:
No
Primary parcel ID:
24-029-24-31-0112
Additional parcel ID(s):
Use(s)
Planned use:
Lodging / Hotels/Motels /Limited service
Primary use:
Yes
Prior use:
Lodging / Hotels/Motels /Limited service
Rental buildings:
1
Rental units:
45

Sales Agreement Information

Deed Type:
Warranty Deed
Date of Deed or Contract:
12/21/2020
Purchase amount:
$8,500,000.00
Downpayment amount:
$0.00
Seller-paid points:
$0.00
Delinquent Special Assessments and Delinquent Taxes Paid by Buyer:
$0.00
Financing type:
Cash
Personal Property
Personal property included:
Yes
Item: $225,000.00 - furniture, furnishing and equipment
Personal Property Total Amount:
$225,000.00
Sales Agreement Questions
Buyer leased before sale:
Yes
Lease option to buy:
No
Seller leased after sale:
No
Minimum rental income guaranteed:
No
Partial interest indicator:
No
Contract payoff or deed resale:
No
Received in trade:
No
Like exchange (IRS section 1031):
No
Purchase over two years old:
No

Supplementary Information

Buyer paid appraisal:
No
Appraisal value:
$0.00
Seller paid appraisal:
No
Appraisal value:
$0.00
Buyer and seller related:
No
Organization tax exempt:
Yes
Government sale:
Yes
Foreclosed, condemned or legal proceedings:
No
Gift or inheritance:
No
Name change:
No
Buyer owns adjacent property:
No
Public promotion:
No
Comment on public promotion: knowledge of property and approach owners
Significant different price paid:
No
Comment on price difference:

Submitter Information

Submit date:
12/16/2020 11:46:01 AM
Submitter:
J. Michael Noonan
Organization:
Hennepin County Housing and Redevelopment Authority
Email:
j.michael.noonan@hennepin.us
Phone number:
(651) 354-7729
Comments:

Terms Accepted by the Submitter:
I declare under penalty of law that I have examined the information entered and submitted on this form, and, based on what I know and believe to be true, the information entered on this form is complete and correct.