Weidner Investment Services Inc Acquires Quarry Commons Apartments From Timberland Partners For $10.7M

The transaction involved Quarry Commons Apartments, a multifamily asset located at 1965 Quarry Road in Saint Cloud, MN. The property consists of 102 units across two buildings, which were constructed in 1996 and 2003. The sale price for the property was $10,700,000, equating to a price per unit of $104,902.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,700,000
• Address: 1965 Quarry Road
• Market: Saint Cloud, MN
• Units: 102
• Price Per Unit: $104,902
• Buyer: Weidner Investment Services Inc
• Seller: Timberland Partners
• Brokers: Adam Haydon, Dan Linnell, Devon Dvorak & Mox Gunderson - Colliers

This transaction was facilitated by Colliers, which represented the sale of the multifamily property from the seller, Timberland Partners, to the buyer, Weidner Investment Services Inc. The team of brokers involved in this deal includes Adam Haydon, Dan Linnell, Devon Dvorak, and Mox Gunderson.