Abacus Capital Group Sells Multifamily Property In Minneapolis For $50.7M

A multifamily property located at 5245 Wayzata Blvd in Minneapolis has been sold for a price of $50,700,000. The property consists of 158 units, resulting in an average price per unit of $320,886. The sale was facilitated by brokers Ted Bickel, Jeff Budish, Ryan Spengler, Lauren Panser, and Lacey O'Connor from Northmarq on behalf of the seller, Abacus Capital Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $50,700,000
• Units: 158
• Price per Unit: $320,886
• Address: 5245 Wayzata Blvd, Minneapolis

This transaction involved the collaboration of brokers from Northmarq, including Ted Bickel, Jeff Budish, Ryan Spengler, Lauren Panser, and Lacey O'Connor. They played a crucial role in representing Abacus Capital Group in the sale of the property.