Updated Jul 8, 2025
Timberland Partners Acquires Multifamily Asset From Quarterra In Shakopee For $65.5M
1610 Emblem Way
$65,500,000
$237/SF
Building Size
275,904 SF
Asset Type
MultiFamily
Closing
Jun 29, 2025
About this deal
AI
The property asset involved in the transaction is a multifamily asset located at 1610 Emblem Way in the Shakopee market. The sale price for the property was $65,500,000, encompassing a total of 288 units. The asset spans a square footage of 275,904, with a price per unit of $227,430 and a price per square foot of $237.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $65,500,000
- Units: 288
- Square Footage: 275,904
- Price Per Unit: $227,430
- Price Per Square Foot: $237
- Buyer: Timberland Partners
- Seller: Quarterra
- Brokers: Josh Talberg, Joseph Peris, Matthew Lawton, Roberto Casas, Ken Dayton & Pat McMullen - JLL
The deal involved key individuals including Timberland Partners as the buyer and Quarterra as the seller, facilitated by a team of brokers from JLL, comprising Josh Talberg, Joseph Peris, Matthew Lawton, Roberto Casas, Ken Dayton, and Pat McMullen, who represented the parties in the transaction.
On the Map
$65,500,000
$237/SF
MultiFamily
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Players
Shakopee 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93