The property asset involved in the transaction is a multifamily apartment complex known as Sterling Heights, located at 2010 27th Street Southeast in Saint Cloud, MN. The sale occurred on November 12, 2024, with a verified sale price of $9,000,000. The property spans 4.57 acres, featuring 96 units with an average price per unit of $93,750. The total rentable square footage is 91,621, leading to a price per square foot of $98.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Units: 96
• Average Price Per Unit: $93,750
• Total Square Footage: 91,621
• Price Per Square Foot: $98
• Buyer: Wisconsin LLC
• Seller: Minnesota LLC
• Brokers: Chris Collins, Eric Wagner & Evan Miller - Marcus & Millichap

Marcus & Millichap facilitated the transaction, representing both sides with brokers Chris Collins, Eric Wagner, and Evan Miller involved in the deal's negotiations and arrangements. The apartment complex consists of studio to three-bedroom units, catering to a diverse set of potential tenants.