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Central Minnesota Portfolio 6 Multifamily Properties in Multiple Locations
Investment Highlights
- Long-Term Pride of Ownership
- Basis Advantage
- Opportunity to Buy Scale
- Capital Improvements Completed
- Strong Occupancy
Executive Summary
CBRE Minneapolis Multifamily is pleased to present a 6-property, 216-unit portfolio in outstate Minnesota. This portfolio is long-term owned and extremely well-cared for. Five of the properties are within counties that make up the Twin Cities MSA, with the exception of Lincoln Square in Owatonna, which is only a one-hour drive from Minneapolis. The pride of ownership is immediately apparent through the capital invested and the staff’s attention to detail. Each property offers inherent opportunity for unit upgrades and expense efficiencies, and all enjoy strong occupancy.
The portfolio offers a rare scale opportunity with an attainable down payment, 97% occupied, mix of turn-key and value-add opportunity. The majority of existing staff is long tenured and brings a embedded potential management strategy.
The portfolio offers a rare scale opportunity with an attainable down payment, 97% occupied, mix of turn-key and value-add opportunity. The majority of existing staff is long tenured and brings a embedded potential management strategy.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 282,602 SF |
| Number of Properties | 6 | Total Land Area | 11.53 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 282,602 SF |
| Total Land Area | 11.53 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
River Oak Heights Apartments
100 River Oaks Dr N, Cold Spring, MN 56320 |
Multifamily | 50,700 SF | 2003 | - |
|
Meadows Edge
106 County Rd 5 NE, Isanti, MN 55040 |
Multifamily | 17,453 SF | 1983 | - |
| 6188 Pecan St, North Branch, MN 55056 | Multifamily | 16,000 SF | 1983 | - |
|
Lincoln Square
435 16th St NE, Owatonna, MN 55060 |
Multifamily | 53,481 SF | 1975 | - |
|
Park Plaza Apartments
830 13th St S, Saint Cloud, MN 56301 |
Multifamily | 78,940 SF | 1976 | - |
|
Oak Street Townhomes
417 15th Ave SE, Saint Cloud, MN 56304 |
Multifamily | 66,028 SF | 1971 | - |
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Central Minnesota Portfolio
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