CBRE has negotiated the sale of Lexington Hills, a 168-unit multifamily community in Eagan, Minnesota, to Reacor Ltd.
CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller, Monument Frozen Tundra LLC, in the transaction.
Built in 1988, the property is located at 4116 Lexington Ave. South. It comprises seven residential buildings with studio-, one- and two-bedroom floorplans averaging 723 square feet. Apartment amenities include balconies or patios, stainless-steel appliances, faux-wood vinyl flooring, shaker-style cabinetry and LED-lighting fixtures.
Community amenities include a 24-hour fitness center, clubhouse with Wi-Fi, barbecue grilling area, playground, swimming pool and laundry facilities. The property has 360 total parking spaces, including 168 covered spaces across 11 detached garage buildings and 192 surface spaces.
