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

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.