Multifamily W Minnesota

Marcus & Millichap sells 102-unit apartment building in Minnesota

  

Marcus & Millichap closed the sale of Tamarind Apartments, a 102-unit apartment property in Saint Louis Park, Minnesota. The asset sold for $15.65 million.

Mox Gunderson, Dan Linnell and Josh Talberg, GLT Partners at Marcus & Millichap’s Minneapolis office, represented the seller, a local partnership, and also secured the Buyer.

Tamarind Apartments is located at 2300 Ridge Drive in Saint Louis Park. The property is made up of one- and two-bedroom apartments and was fully occupied at the time of sale. Built in 1986 Tamarind features walk-in closets, oversized balconies and underground heated parking. The property rests on about 2.5 acres.