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7148 Brockton Lane, Maple G...

$73.7M Maple Grove Multifamily Sale At 7148 Brockton Lane By Trident Development & North American Development Group
SOLDMultiFamily

$73.7M Maple Grove Multifamily Sale At 7148 Brockton Lane By Trident Development & North American Development Group

7148 Brockton Lane, Maple Grove, Minnesota 55311, United States

$73,700,000

Building Size

Asset Type

MultiFamily

Closing

Jul 26, 2022

AI

The multifamily property located at 7148 Brockton Lane in Maple Grove, Minnesota has been sold for a total price of $73,700,000. This property consists of 246 units, with a price per unit (PPU) of $299,593.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $73,700,000
  • Units: 246
  • Price Per Unit (PPU): $299,593
  • Address: 7148 Brockton Lane, Maple Grove, Minnesota
  • Market: Maple Grove, Minnesota

The sellers of this property were Trident Development and North American Development Group. The brokerage team representing the sellers included Dan Linnell, Mox Gunderson, Josh Talberg, and Adam Haydon from JLL. The mortgage broker involved in the transaction was Brock Yaffe, also from JLL.

Players

Josh Talberg

JLL

Broker

$1.3B

vol

28 deals

Broker
TD
Trident DevelopmentSeller

Hamel MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93