Connor Group Acquires 275-Unit Multifamily Property In Burnsville, MN For $76.5M
SOLD
$76,500,000
Minnesota
See Similar DealsMultiFamily
Sold 08/30/2022
SOLD
Connor Group Acquires 275-Unit Multifamily Property In Burnsville, MN For $76.5M
14501 Grand Avenue, Burnsville, Minnesota 55306, United States
See Similar DealsMultiFamily
Sold 08/30/2022
Summary
MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 14501 Grand Ave in Burnsville, MN has been sold for a price of $76,500,000. The property consists of 275 units, resulting in a price per unit of $278,182. The transaction took place on August 30, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $76,500,000
- Address: 14501 Grand Ave, Burnsville, MN
- Market: Burnsville, MN
- Buyer: Connor Group
- Seller: LeCesse Development Corp
- Broker: CBRE
- Units: 275
- Price Per Unit: $278,182
The sale of this multifamily property was facilitated by CBRE. Connor Group acted as the buyer, while LeCesse Development Corp served as the seller. This transaction highlights the active real estate market in Burnsville, MN, and the continued interest in multifamily properties.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,080,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$271,788.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$362,649.03
Annual Debt Service$4,351,788.34
Is there something missing? Send suggestions