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Global Health Link Inc. Acquires Phalen Shores Multifamily In Saint Paul For $5.01M

Property Image
SOLD
$5,010,000
Abe Roberts
Michael Jacobs

Minnesota

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MultiFamily
Sold 09/26/2023
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Property Image
SOLD

Global Health Link Inc. Acquires Phalen Shores Multifamily In Saint Paul For $5.01M

965 East Ivy Avenue

See Similar Deals
MultiFamily
Sold 09/26/2023
Abe Roberts
Michael Jacobs
the dealplayerscompscontact
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Summary

MINNESOTA
Asset Type:MultiFamily
Transaction Type:Sale

Global Health Link Inc. has purchased the 53-unit Phalen Shores property in St. Paul, Minnesota for $5.01 million. The property, located at 965 Ivy Avenue East, is a multifamily asset. The sale price translates to an average unit price of $94,528, which is lower than the average unit price of $152,719 in the Twin Cities metro area.

Summary of transation details

The buyer in this transaction, Global Health Link Inc., was represented by Ahmed Issa. The seller, Steven Scott Management Inc., was represented by Mark Jensen. The brokers involved in the deal were Abe Roberts and Michael Jacobs from Marcus & Millichap.

Players

Abe Roberts
Marcus & Millichap
Abe Roberts
12 deals$46.5M volume(952) 852-9768
BROKER
Michael Jacobs
Marcus & Millichap
Michael Jacobs
12 deals$46.5M volume(952) 852-9718
BROKER

Details

SOLD
IMAGE: Abe Roberts, Mark Jensen & Michael Jacobs DATE: 09/26/2023 ADDRESS: 965 Ivy Avenue East MARKET: Saint Paul, Minnesota ASSET TYPE: Multifamily BUYER: Global Health Link Inc. (@GlobalHealthLink) - Ahmed Issa SELLER: Steven Scott Management Inc. (@StevenScottManagement) - Mark Jensen BROKERS: Abe Roberts & Michael Jacobs (@Michael_Jacobs_Multifamily) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $5,010,000 UNITS: 53 ~ PPU: $94,528 NOTE: Global Health Link Inc. entity has bought the 53-unit Phalen Shores property in St. Paul for $5.01 million from Phalen Shores LLC, affiliated with Steven Scott Management Inc. The average unit price in this acquisition was $94,528, lower than the Twin Cities metro area's average of $152,719 per unit.

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