North Lone Star Capital Acquires 144-Unit Multifamily In Faribault From Felfam NG LLC For $13.35M

The property involved in this transaction is a 144-unit multifamily asset located at 1250 Autumn Drive in Faribault, MN. The sale price was $13,350,000, and the property covers an area of 7.95 acres, leading to a price per unit of $92,708.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,350,000
• Address: 1250 Autumn Drive
• Market: Faribault, MN
• Units: 144
• Price Per Unit: $92,708
• Seller: Felfam NG LLC
• Buyer: North Lone Star Capital
• Brokerage: NorthMarq
• Brokers: Jeff Budish, Ted Bickel, Dylan Steman & Lucas Goring

North Lone Star Capital acquired the Four Seasons Apartments from Felfam NG LLC, who was represented by Northmarq in this off-market deal. This transaction marks the highest apartment sale on record in Faribault.