At Home Apartments Acquires Shady Oak Crossing Multifamily In Minnetonka For $19.75M

The property asset involved in the transaction is a multifamily complex known as Shady Oak Crossing, located at 4312 Shady Oak Road, Minnetonka, MN. It consists of 75 units, and the sale was completed for a price of $19,750,000, which translates to approximately $263,333 per unit. The property was built in 2021 and is notable for its recent construction and market presence.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,750,000
• Units: 75
• Price Per Unit: $263,333
• Buyer: At Home Apartments
• Seller: Ron Clark Construction & Design
• Brokers: Dylan Steman, Ted Bickel & Jeff Budish - NorthMarq
• Market: Minnetonka, MN

NorthMarq's Dylan Steman, Ted Bickel, and Jeff Budish represented the seller, Ron Clark Construction & Design, during this transaction. The deal's price is noted to be above the average per-unit sale for apartments in the Twin Cities metro area, indicating a strong market performance.