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5076 161st Street West

Updated Dec 4, 2025

PCCP LLC Acquires 204-Unit Livery Modern Apartments In Lakeville From The Garrett Companies For $56M
SOLDMultiFamily

PCCP LLC Acquires 204-Unit Livery Modern Apartments In Lakeville From The Garrett Companies For $56M

5076 161st Street West

$56,000,000

Units

204

Asset Type

MultiFamily

Closing

Dec 2, 2025

About this deal

AI

A 204-unit multifamily asset, Livery Modern Apartments, located at 5076 161st Street West in Lakeville, MN, was sold for $56 million. The property was constructed in 2023 and features a mix of one-, two-, and three-bedroom units, providing residents with various living options. Amenities at this complex include a dog park and a fitness center, contributing to its appeal in the market.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $56,000,000
  • Units: 204
  • Price Per Unit: $274,755
  • Buyer: PCCP, LLC
  • Seller: The Garrett Companies

PCCP, LLC executed the acquisition from Indiana-based The Garrett Companies, marking a significant transaction in the multifamily sector. This sale represents an important business move for both parties involved, reflecting market dynamics and strategic objectives in property investment.

On the Map

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$56,000,000

MultiFamily

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Players

PL
PCCP, LLCBuyer

Lakeville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $274.5K per unit across 204 units on a published $56M (2025).

Browse Lakeville multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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