MLG Capital Acquires Multifamily Property In Woodbury, Minnesota For $65.2M
SOLD
$65,158,000
+ 3
Minnesota
See Similar DealsMultiFamily
Sold 03/17/2022
SOLD
MLG Capital Acquires Multifamily Property In Woodbury, Minnesota For $65.2M
455 Karen Drive, Woodbury, Minnesota 55129, United States
See Similar DealsMultiFamily
Sold 03/17/2022
+ 3
Summary
MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 455 Karen Dr in Woodbury, Minnesota has been sold. The transaction took place on March 17, 2022.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $65,158,000
- Number of Units: 255
- Price Per Unit: $255,522
- Buyer: MLG Capital
- Seller: Roers Companies
- Brokers: Mox Gunderson, Dan Linnell, Josh Talberg, and Adam Haydon - JLL Capital Markets
- Mortgage Brokers: Scott Streiff and Brock Yaffe - JLL
The buyer, MLG Capital, acquired the property from the seller, Roers Companies. The sale was facilitated by brokers Mox Gunderson, Dan Linnell, Josh Talberg, and Adam Haydon from JLL Capital Markets. Additionally, Scott Streiff and Brock Yaffe from JLL served as the mortgage brokers for the transaction.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,475,093.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$231,492.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$308,882.16
Annual Debt Service$3,706,585.94
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