Premier St. Cloud MN LLC Acquires The Highlands For $7.75M In St. Cloud

The Highlands is a 100-unit apartment property located at 2015 27th Street Southeast in Saint Cloud, MN. Premier St. Cloud MN LLC purchased the property from Sterling Heights Apartments of St. Cloud LLC for a total of $7.75 million, at a price per unit of $77,500. The asset spans across 6.98 acres in the Saint Cloud market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,750,000
• Units: 100
• Price Per Unit: $77,500
• Address: 2015 27th Street Southeast
• Market: Saint Cloud, MN
• Buyer: Premier St. Cloud MN LLC
• Seller: Sterling Heights Apartments of St. Cloud LLC

PRE/3, a multifamily real estate company headquartered in Brookfield, Wisconsin, facilitated the acquisition of The Highlands. The deal symbolizes a significant investment within the Saint Cloud market, showcasing the continuous activity and interest in multifamily properties in the region.