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Oaks Properties Acquires Multifamily Asset In Edina From Lake Harriet Capital For $50.45M
SOLD
$50,450,000
+ 3
Minnesota
See Similar DealsMultiFamily
Sold 01/05/2026
SOLD
Oaks Properties Acquires Multifamily Asset In Edina From Lake Harriet Capital For $50.45M
4911 West 77th Street
See Similar DealsMultiFamily
Sold 01/05/2026
+ 3
Summary
MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale
Oaks Properties acquired a multifamily asset located at 4911 West 77th Street in Edina, MN. This property, known as The Eddi at Pentagon Village, comprises 202 units with a price per unit of $249,752. The total sale price was $50,450,000, making it one of the highest-priced multifamily transactions in the market in 2025.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $50,450,000
- Buyer: Oaks Properties
- Seller: Lake Harriet Capital
- Brokers: Josh Talberg & Joseph Peris - JLL
- Mortgage Brokers: Mike Padilla, Billy Langer, Lauren Bresky & Loren Heikenfeld - NorthMarq
- Units: 202
- Price Per Unit: $249,752
JLL facilitated the sale while NorthMarq managed the buyer's financing. Oaks Properties intends to rebrand the acquired property as Oaks Pentagon Village.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,690,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$179,238.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$239,158.74
Annual Debt Service$2,869,904.86
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