The property asset involved in this transaction is a 20-unit multifamily property located at 2191 Van Dyke Street, Maplewood, MN, spanning 3.6 acres. The sale price of the asset was $2,700,000, resulting in a price per unit of $135,000. The property features two- and three-bedroom units and includes garages. It was originally built in 2004 and was sold by Van Dyke Street Homes LP to Dadder’s Estates LLC.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,700,000
• Buyer: Dadder’s Estates LLC
• Seller: Van Dyke Street Homes LP
• Brokerages: Chris Collins, Eric Wagner, Evan Miller & Matt Shide - Marcus & Millichap
• Units: 20
• Price Per Unit: $135,000
• Acres: 3.6

Marcus & Millichap arranged the sale transaction, which marked the successful transfer of the property from the original developer to the buyer, underscoring their involvement in the process. The deal showcases the collaboration of multiple brokers who worked collectively to facilitate the transaction.