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

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.