FPA Multifamily Acquires 132-Unit Multifamily Property In Plymouth For $25.25M

Dominium has successfully sold a 132-unit multifamily property located at 1020 W Medicine Lake Dr in Plymouth, MN. The property was bought by San Francisco-based FPA Multifamily for a total of $25.25 million. This multifamily asset offers a total of 132 units, with an average price per unit (PPU) of $191,288.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,250,000
• Address: 1020 W Medicine Lake Dr, Plymouth, MN
• Market: Plymouth, MN
• Buyer: FPA Multifamily
• Seller: Dominium
• Brokers: Jeff Budish & Ted Bickel - NorthMarq
• Units: 132
• PPU: $191,288

This transaction was facilitated by the NorthMarq brokers, Jeff Budish and Ted Bickel. They played a crucial role in connecting the buyer, FPA Multifamily, with the seller, Dominium. With their expertise and negotiation skills, Budish and Bickel successfully closed the deal for the acquisition of this multifamily property in Plymouth.