Updated Oct 28, 2024
$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
Units
244
Asset Type
MultiFamily
Closing
Jul 26, 2022
About this deal
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
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