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7450 Minnesota State Highway 7

Jason Quillings Of QT Holdings Acquires Helix Apartments In St. Louis Park For $33M
SOLDMultiFamily

Jason Quillings Of QT Holdings Acquires Helix Apartments In St. Louis Park For $33M

7450 Minnesota State Highway 7

$33,000,000

Building Size

Asset Type

MultiFamily

Closing

Dec 22, 2025

AI

The multifamily asset involved in the transaction is the Helix Apartments, located at 7450 Highway 7 in St. Louis Park, MN. The property consists of 167 units and was sold for $33,000,000, resulting in a price per unit of $197,605. The mid-1980s constructed property underwent extensive renovations in the early 2020s and includes amenities such as a pool, fitness center, dog park, and underground parking, while maintaining historically high occupancy rates.

Summary of transaction details:

This transaction highlights the involvement of Jason Quillings, representing QT Holdings, who acquired the property from Helix Owner LLC. The brokerage services for the deal were provided by Josh Talberg, Joseph Peris, and Jack Graveline, all associated with JLL, indicating a collaborative effort in securing this multifamily asset acquisition.

Players

Josh Talberg

JLL

Broker

$1.3B

vol

28 deals

Broker

Minneapolis 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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93