MLG Capital Acquires Multifamily Asset At 3130 Northdale Boulevard In Coon Rapids For $45.25M

The property asset involved in this transaction is located at 3130 Northdale Boulevard Northwest in Coon Rapids. This multifamily asset encompasses 192 units, with a sale price of $45,250,000. The total square footage of the property is 172,104, leading to a price per unit of $235,677 and a price per square foot of $262.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,250,000
• Buyer: MLG Capital
• Seller: Sherman Associates
• Brokers: Elijah Smith, Josh Talberg, Joseph Peris & Matthew Schoenfeldt - JLL
• Units: 192
• Square Footage: 172,104
• Price Per Unit: $235,677
• Price Per Square Foot: $262
• Market: Coon Rapids
• Date: 12/9/2025

The deal was facilitated by brokers Elijah Smith, Josh Talberg, Joseph Peris, and Matthew Schoenfeldt from JLL, representing both the buyer and the seller. The transaction was concluded on December 9, 2025, marking a significant interaction between MLG Capital and Sherman Associates in the multifamily market sector.