Lion Rock Properties Acquires Three Downtown Minneapolis Multifamily Properties From Sentinel Real Estate For $16.2M

Three properties located at 1500, 1417 & 1501 La Salle Avenue in Minneapolis, MN have been sold as a multi-family asset. The transaction was completed for a total amount of $16,200,000 for 238 units, resulting in a price per unit of $68,067.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $16,200,000
• Buyer: Lion Rock Properties
• Seller: Sentinel Real Estate
• Brokers: Lance Steiger & Erin Salway - Cushman & Wakefield
• Units: 238
• Price Per Unit: $68,067

The deal involved key players in the real estate market, with Lion Rock Properties acquiring the properties from Sentinel Real Estate. Lance Steiger and Erin Salway represented the transaction on behalf of the buyer and seller respectively, facilitating the sale of these well-renovated units positioned for future growth.