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Marcus & Millichap Brokers $9.7 Million Sale Of Brookwood Apartments And Pine Pointe In St. Cloud
SOLD
$9,700,000
Minnesota
See Similar DealsMultiFamily
Sold 11/21/2025
SOLD
Marcus & Millichap Brokers $9.7 Million Sale Of Brookwood Apartments And Pine Pointe In St. Cloud
1270 Johnson Road & 1605 7th Street Southeast
See Similar DealsMultiFamily
Sold 11/21/2025
Summary
MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$517,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38
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