Standard Communities Acquires Multifamily Property In Stillwater From Dominium Management For $14M

The multifamily property located at 212 2nd Street North in Stillwater, MN, was sold for $14,000,000. This property comprises 96 units with a price per unit of $145,833. The total square footage of the property is 55,776, equating to a price per square foot of $251.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,000,000
• Units: 96
• Price Per Unit: $145,833
• Square Footage: 55,776
• Price Per Square Foot: $251
• Address: 212 2nd Street North, Stillwater, MN
• Market: Stillwater, MN
• Buyer: Standard Communities
• Seller: Dominium Management
• Brokers: Josh Talberg, Doug Childers, Pat McMullen, & Ken Dayton - JLL

The sale of this multifamily property was facilitated by a team of brokers from JLL, including Josh Talberg, Doug Childers, Pat McMullen, and Ken Dayton. Standard Communities acquired the property from Dominium Management in a significant transaction that underlines the demand for multifamily assets in the Stillwater, MN market.