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Marcus & Millichap Facilitates $7.5M Sale Of Multifamily Property In Inver Grove Heights

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SOLD
$7,500,000

Minnesota

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MultiFamily
Sold 12/01/2023
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Property Image
SOLD

Marcus & Millichap Facilitates $7.5M Sale Of Multifamily Property In Inver Grove Heights

8213 College Trail

See Similar Deals
MultiFamily
Sold 12/01/2023
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Summary

MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale

The Commons, a four-building multifamily property located at 8213 College Trail in Inver Grove Heights, Minnesota, has been sold for a transaction amount of $7,500,000. This property consists of 60 units, with a per unit price of $125,000. The sale was facilitated by Marcus & Millichap, with Abe Roberts and Michael Jacobs serving as the brokers representing the deal.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,500,000
  • Units: 60
  • Price per Unit: $125,000
  • Address: 8213 College Trail, Inver Grove Heights, MN
  • Market: Inver Grove Heights, MN
  • BROKERS: Abe Roberts & Michael Jacobs - Marcus & Millichap

Marcus & Millichap facilitated the transaction of The Commons, a four-building multifamily property located in Inver Grove Heights, a suburb of St. Paul, Minnesota. This sale marks a significant transaction in the local real estate market, with a sale price of $7,500,000. Abe Roberts and Michael Jacobs, representing Marcus & Millichap, played a crucial role in ensuring the successful completion of this transaction.

Players

Abe Roberts
12 deals$46.5M volume(952) 852-9768
BROKER

Michael Jacobs
Marcus & Millichap
12 deals$46.5M volume(952) 852-9718
BROKER

Details

SOLD
IMAGE: Abe Roberts & Michael Jacobs DATE: 12/01/2023 ADDRESS: 8213 College Trail MARKET: Inver Grove Heights, MN ASSET TYPE: Multifamily BROKERS: Abe Roberts & Michael Jacobs - Marcus & Millichap SALE PRICE: $7,500,000 UNITS: 60 ~ PPU: $125,000 NOTE: Marcus & Millichap facilitated the $7.5 million transaction of The Commons, a four-building multifamily property in Inver Grove Heights, a suburb of St. Paul.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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