Dominium Sells 75-Unit Albertville Meadows Multifamily Community For $11.2 Million

The sale involved a multifamily asset located at 10732 County Road 37 Northeast in Albertville, MN. This 75-unit affordable housing community, known as Albertville Meadows, was sold for $11,200,000. The property was built in 1993 and situated along I-94, benefiting from Minnesota’s new 4d(1) tax classification, which offers significant tax reductions for affordable housing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,200,000
• Units: 75
• Price Per Unit: $149,333
• Seller: Dominium
• Brokers: Mox Gunderson, Dan Linnell, Adam Haydon & Devon Dvorak - Colliers

Colliers facilitated the transaction, bringing together the parties involved in the sale of Albertville Meadows. The brokers played a crucial role in the successful negotiation and closing of this property, contributing their expertise in the multifamily real estate market.