Endurus Capital Acquires 41-Unit Lofts Of Sandcreek In Coon Rapids For $4.8M From SPL Holdings LLC

The property asset involved in the transaction is a multifamily complex located at 11756 Xeon Street Northwest, Coon Rapids, MN, encompassing 3.99 acres. The property was sold for $4,800,000 and consists of 41 units, with a price per unit of $117,073.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Address: 11756 Xeon Street Northwest
• Market: Coon Rapids, MN
• Units: 41
• Price Per Unit: $117,073
• Buyer: Endurus Capital
• Seller: SPL Holdings LLC
• Brokers: Heidi Addo, Steve Michel, Peter Michel, Phil Reesnes, Jesse Thurston & Ukee Dozier - Michel Commercial

Endurus Capital acquired the 41-unit Lofts of Sandcreek townhome community from SPL Holdings LLC, with representation from Michel Commercial Real Estate, led by Heidi Addo, Steve Michel, Peter Michel, Phil Reesnes, Jesse Thurston, and Ukee Dozier.