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Trinity Property Consultants Acquires Sora Apartments From Reuter Walton For $23.75M

Property Image
SOLD
$23,750,000
Dan Linnell
Adam Haydon
+ 1

Minnesota

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MultiFamily
Sold 07/24/2025
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Property Image
SOLD

Trinity Property Consultants Acquires Sora Apartments From Reuter Walton For $23.75M

600 5th Avenue South

See Similar Deals
MultiFamily
Sold 07/24/2025
Dan Linnell
Adam Haydon
+ 1
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Summary

MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale

The Sora Apartments, a MultiFamily asset located at 600 5th Avenue South in Minneapolis, MN, have been sold for $23,750,000. The complex comprises 122 units, resulting in a price per unit of approximately $194,672, reflecting the current market dynamics in the area.

Summary of transaction details:

This transaction involved key players such as Trinity Property Consultants as the buyer, while Reuter Walton acted as the seller. The brokerage team from Colliers facilitated the transaction, comprising Mox Gunderson, Dan Linnell, Adam Haydon, and Devon Dvorak.

Players

Mox Gunderson
26 deals$1B volume
BROKER

Adam Haydon
Colliers
23 deals$888M volume
BROKER

Dan Linnell
Colliers
24 deals$924.2M volume
BROKER

Devon Dvorak
Colliers
16 deals$518.5M volume
BROKER

Colliers
BROKERAGE

Details

SOLD
IMAGE: 07/24/2025 ADDRESS: 600 5th Avenue South MARKET: Minneapolis, MN ASSET TYPE: MultiFamily BUYER: Trinity Property Consultants SELLER: Reuter Walton BROKERS: Mox Gunderson, Dan Linnell, Adam Haydon & Devon Dvorak - Colliers SALE PRICE: $23,750,000 UNITS: 122 ~ PPU: $194,672 NOTE: The Sora Apartments in downtown Minneapolis sold for $23.75 million, or about $194,670 per unit, with the buyer being linked to Trinity Property Consultants. The sale reflects strong demand in the area, driven by location and employment trends, with comparable properties trading at higher per-unit prices due to job market dynamics.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$84,378.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,587.12
Annual Debt Service$1,351,045.40