Turner Impact Capital Acquires 207-Unit Multifamily In Brooklyn Park For $47M | 5401 94th Avenue North | Mox Gunderson, Josh Talberg, Dan Linnell, Adam Haydon | MultiFamily | Sale

Summary

Sale

MINNESOTA

MultiFamily

Turner Impact Capital has acquired Urbana Court, a multifamily property located at 5401 94th Avenue North in Brooklyn Park, Minnesota. The property was sold by Trident Development in a deal brokered by JLL, with Mox Gunderson, Dan Linnell, Josh Talberg, and Adam Haydon representing the seller.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $47,000,000
Date: 05/02/2023
Address: 5401 94th Avenue North, Brooklyn Park, Minnesota
Market: Brooklyn Park, Minnesota
Buyer: Turner Impact Capital
Seller: Trident Development
Brokers: Mox Gunderson, Dan Linnell, Josh Talberg, and Adam Haydon - JLL
Units: 207
Price Per Unit (PPU): $227,053

The Urbana Court apartment complex consists of 207 units, featuring studio, one-, and two-bedroom options. Built in 2021, the property offers a variety of amenities for residents, including a swimming pool, fitness center, lounge, and courtyard with grilling areas.

Players

All
5

Agents
4
Agencies
1

$382.5M Sold

$382.5M Sold

$382.5M Sold

$382.5M Sold

Details

Deal Summary

SOLD

IMAGE: Adam Haydon, Dan Linnell, Mox Gunderson & Josh Talberg DATE: 05/02/2023 ADDRESS: 5401 94th Avenue North MARKET: Brooklyn Park, Minnesota ASSET TYPE: Multifamily BUYER: Turner Impact Capital SELLER: Trident Development (@Trident.Development) BROKERS: Mox Gunderson, Dan Linnell, Josh Talberg & Adam Haydon - JLL (@JLL) SALE PRICE: $47,000,000 UNITS: 207 ~ PPU: $227,053 NOTE: Turner Impact Capital acquired Urbana Court, a 207-unit apartment complex in Brooklyn Park, Minnesota, for $47 million, or $227,053 per unit, in a deal brokered by JLL. The property, located at 5401 94th Ave. North, was built in 2021 and features studio, one- and two-bedroom units with amenities such as a swimming pool, fitness center, lounge, and courtyard with grilling areas.

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Address5401 94th Avenue North

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