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Marcus & Millichap Brokers Sell Multifamily Property In Rochester, Minn For $32.5M

Property Image
SOLD
$32,500,000
Evan Miller
Chris Collins
+ 1

Minnesota

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MultiFamily1,398 SF
Sold 11/05/2021
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Property Image
SOLD

Marcus & Millichap Brokers Sell Multifamily Property In Rochester, Minn For $32.5M

4400 Red Hawk Drive Southeast, Rochester, MN 55904, USA

See Similar Deals
MultiFamily1,398 SF
Sold 11/05/2021
Evan Miller
Chris Collins
+ 1
Contact now

Summary

MINNESOTA
Asset Type:MultiFamily
Price Per Square Foot:$23,247
Total Square Footage:1,398 SF
Transaction Type:Sale

Located in Rochester, Minnesota, the multifamily property at 4400 Red Hawk Drive SE has recently been sold for a transaction price of $32,500,000. This sizable deal involved the sale of a property consisting of 120 units, resulting in a per unit price of $270,833. The property is situated in the flourishing market of Rochester, offering an attractive investment opportunity in the thriving local real estate scene.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $32,500,000
  • Units: 120
  • Price Per Unit: $270,833
  • Address: 4400 Red Hawk Drive SE, Rochester, Minnesota
  • Market: Rochester, Minnesota

Facilitating the successful sale of this multifamily property were the brokers from Marcus & Millichap, namely Brad Barham, Chris Collins, Evan Miller, and John Solari. These experienced professionals played a crucial role in overseeing the transaction, offering their expertise and ensuring a smooth process for all parties involved.

Players

Brad Barham
1 deal$32.5M volume
BROKER

Chris Collins
Marcus & Millichap
13 deals$123.4M volume
BROKER

Evan Miller
Marcus & Millichap
11 deals$87.5M volume
BROKER

John Solari
Marcus & Millichap
1 deal$32.5M volume
BROKER

Details

SOLD
IMAGE: Evan Miller, Brad Barham, Chris Collins & John Solari DATE: 11/05/2021 ADDRESS: 4400 Red Hawk Drive SE MARKET: Rochester, Minn ASSET TYPE: Multifamily BROKERS: Brad Barham, Chris Collins, Evan Miller & John Solari - Marcus & Millichap SALE PRICE: $32,500,000 UNITS: 120 ~ PPU: $270,833

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