Updated Oct 28, 2024
Bader Development Acquires Multifamily Asset In Bloomington, Minn
10660 Hampshire Avenue South, Bloomington, Minnesota 55438, United States
$107,000,000
Units
534
Asset Type
MultiFamily
Closing
Mar 10, 2022
About this deal
AI
10660 Hampshire Ave S, located in Bloomington, Minn, has been sold for $107,000,000. This multifamily property consists of 534 units, resulting in a per unit price of $200,374.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $107,000,000
- Address: 10660 Hampshire Ave S
- Market: Bloomington, Minn
- Units: 534
- Price Per Unit: $200,374
Bader Development, represented by Sid Bader and Scott Bader, purchased the property. They facilitated the transaction as buyer's representatives.
The multifamily sale at 10660 Hampshire Avenue South, Bloomington, Minnesota 55438, United States in Minneapolis, Minnesota sold for $107M in 2022. Reported inventory is 534 units across 534 units. This page is the Minneapolis, Minnesota file for the 10660 Hampshire Avenue South, Bloomington, Minnesota 55438, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Minneapolis sit in the Market section below. Filter that Minneapolis multifamily set by closing date to see what else sold near 10660 Hampshire Avenue South, Bloomington, Minnesota 55438, United States around 2022. Published consideration for 10660 Hampshire Avenue South, Bloomington, Minnesota 55438, United States is $107M, dated 2022. Cite this Bader Development Acquires Multifamily Asset In Bloomington, Minn sale when underwriting similar multifamily product around Minneapolis, Minnesota.
On the Map
$107,000,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93