facebook
Traded Co logo
Submit

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

Property Image
SOLD
$73,700,000
Mox Gunderson
Josh Talberg
Dan Linnell
+ 2

Minnesota

See Similar Deals
MultiFamily
Sold 07/27/2022
the dealplayerscompscontact
Property Image
SOLD

$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

See Similar Deals
MultiFamily
Sold 07/27/2022
Mox Gunderson
Josh Talberg
Dan Linnell
+ 2
the dealplayerscompscontact
Contact now

Summary

MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale

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
Josh Talberg
28 deals$1.3B volume(612) 217-6754
BROKER
Brock Yaffe
JLL
Brock Yaffe
8 deals$382.6M volume
BROKER
Mox Gunderson
Colliers
Mox Gunderson
26 deals$1B volume
BROKER
Adam Haydon
Colliers
Adam Haydon
23 deals$888M volume
BROKER
Dan Linnell
Colliers
Dan Linnell
24 deals$924.2M volume
BROKER
TD
Trident Development
SELLER
NG
North American Development Group
SELLER

Details

SOLD
IMAGE: Adam Haydon, Dan Linnell, Mox Gunderson & Josh Talberg DATE: 07/27/2022 ADDRESS: 7148 Brockton Lane MARKET: Maple Grove, Minnesota ASSET TYPE: Multifamily SELLER: Trident Development & North American Development Group BROKERS: Dan Linnell, Mox Gunderson, Josh Talberg & Adam Haydon - JLL (@JLL) MORTGAGE BROKER: Brock Yaffe - JLL SALE PRICE: $73,700,000 UNITS: 246 ~ PPU: $299,593

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,930,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$261,840.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$349,375.60
Annual Debt Service$4,192,507.20