Trinity Property Consultants Acquires Two Mixed-Use Properties In Minneapolis For $19.1M

Two mixed-use properties located at 1800 West Lake Street and 1710 West Lake Street in Minneapolis were sold for a combined amount of $19.1 million. The properties include 63 residential units and commercial space situated near Bde Maka Ska. The larger property, containing 57 units, was sold for $15.8 million, while the adjacent six-unit building was purchased for $3.3 million.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $19,100,000
• Units: 63
• Price Per Unit: $303,175
• Buyer: Trinity Property Consultants
• Seller: Reuter Walton
• Brokers: Devon Dvorak, Mox Gunderson, Dan Linnell, Adam Haydon & Drew Jackson - Colliers

This transaction involved Trinity Property Consultants acquiring the property from Reuter Walton, with the deal brokered by a team from Colliers, consisting of Devon Dvorak, Mox Gunderson, Dan Linnell, Adam Haydon, and Drew Jackson. The larger property includes an assumable 2.3% HUD loan maturing in 2061, while the smaller building's details were distinct in its total sale price.