Marcus & Millichap negotiated the sale of Mandolin Place, a 72-unit apartment property located in Austin, Minnesota. The property sold for $4.2 million, or $58,333 per unit.
Chris Collins, Evan Miller, Eric Wagner, Zack Olson and Matt Shide, investment specialists in Marcus & Millichap’s Minneapolis and Milwaukee offices, marketed the property on behalf of the seller and procured the buyer, both Minnesota LLCs.
Located at 203 31st St. SW, Mandolin Place features a mix of one-, two- and three-bedroom units across 64,481 square feet. Built in 1994, the property sits on 3.54 acres just off Interstate 90.
