Southdale Parc LLC Acquires Multifamily Property In Richfield, MN For $12.8M

The Southdale Parc Apartments in St. Louis Park have been acquired by Southdale Parc LLC for $12.8 million. The property, located at 2720 West 66th Street in Richfield, MN, consists of 69 units with a price per unit of $185,507. The apartments feature one-bedroom layouts with full kitchens and spacious closets, as well as amenities such as on-site laundry facilities, upgraded package services, green spaces, and parking.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,800,000
• Units: 69
• Price Per Unit: $185,507

Southdale Parc LLC, the buyer in this transaction, made a notable investment in the Southdale Parc Apartments. The company specializes in acquiring multifamily properties and aims to enhance the living experience for residents in their portfolio. The purchase signifies Southdale Parc LLC's continued growth in the real estate market, adding a prime asset to their expanding collection.