Updated Nov 25, 2025
Marcus & Millichap Brokers $9.7 Million Sale Of Brookwood Apartments And Pine Pointe In St. Cloud
1270 Johnson Road & 1605 7th Street Southeast
$9,700,000
Units
180
Asset Type
MultiFamily
Closing
Nov 21, 2025
About this deal
AI
The transaction involves the sale of two multifamily properties, Brookwood Apartments and Pine Pointe, located at 1270 Johnson Road and 1605 7th Street Southeast in St. Cloud, Minnesota. The total sale price for the properties is $9,700,000, encompassing 180 units, which translates to a price per unit of $53,889.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $9,700,000
- Units: 180
- Price Per Unit: $53,889
- Address: 1270 Johnson Road & 1605 7th Street Southeast
- Market: St. Cloud, MN
The deal was represented by brokers Chris Collins and Evan Miller from Marcus & Millichap, who facilitated the transaction highlighting St. Cloud's appealing rental market, characterized by population growth and a strong job base. The consistent performance of these properties attracted investor interest.
On the Map
$9,700,000
MultiFamily
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Saint Cloud MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93