Connor Group Acquires 275-Unit Multifamily Property In Burnsville, MN For $76.5M

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.