Tablerock Capital Purchases Multifamily Properties In Anoka And Coon Rapids For $23.05M

The transaction involves the sale of a multifamily property consisting of 158 units located at 2614 Cutters Grove Avenue & 9900 Redwood Street Northwest in Anoka and Coon Rapids, MN. The sale price was $23,050,000, which results in a price per unit of $145,886.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,050,000
• Buyer: Tablerock Capital
• Seller: Michael Voss - Dominium
• Brokers: Jeff Irish - Berkadia & Jeff Kunitz - CBRE
• Units: 158
• Price Per Unit: $145,886

Dominium has previously sold Woodland Park in Anoka for $13.25 million and Tralee Terrace in Coon Rapids for $9.8 million to Utah-based Tablerock Capital. Both properties are part of the Low-Income Housing Tax Credit program and will maintain their affordability until at least January 2026.