NorthMarq Sells Emberwood Apartments In Blaine, MN For $23M

The Emberwood Apartments, a 112-unit multifamily complex located at 12664 Central Avenue Northeast in Blaine, MN, was sold for $23 million. The sale was facilitated by NorthMarq's multifamily investment sales team, with the transaction closing on Feb. 19.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Units: 112
• Price Per Unit: $205,357
• Address: 12664 Central Avenue Northeast
• Market: Blaine, MN

The sale of the Emberwood Apartments involved seller Mike Kaeding of Norhart, along with brokers Jeff Budish and Ted Bickel representing NorthMarq.