Updated Oct 28, 2024
Timberland Partners Acquires Multifamily Asset In Rogers, Minn For $43.5M
20801 County Road 81, Rogers, MN, USA
$43,500,000
$31,453/SF
Building Size
1,383 SF
Asset Type
MultiFamily
Closing
Oct 26, 2021
About this deal
AI
Timberland Partners has acquired a multifamily property located at 20801 County Road 81 in Rogers, Minn. The property, consisting of 168 units, was sold by Trident Development for a total of $43,500,000, resulting in a per unit price of $258,929.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $43,500,000
- Units: 168
- Address: 20801 County Road 81, Rogers, Minn
- Market: Rogers, Minn
The deal was facilitated by Dan Linnell, Mox Gunderson, Josh Talberg, and Adam Haydon of JLL Capital Markets, who represented both the buyer, Timberland Partners, and the seller, Trident Development, in the transaction.
On the Map
$43,500,000
$31,453/SF
MultiFamily
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Players
Rogers 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93