JLL Capital Markets has closed the $30.25 million sale of Eagle Pointe, a 216-unit garden-style multifamily community in the Twin Cities suburb of West Saint Paul, Minnesota.
JLL sold the property on behalf of Timberland Partners, a Minneapolis-based real estate investment and management company. Timberland owns and manages more than 18,500 units in 85 apartment communities across 17 states.
Eagle Pointe comprises of studio, one- and two-bedroom units averaging 853 square feet. Apartments feature patio/balcony, large closets, air conditioning and dishwashers. The property offers a fitness center, clubhouse, indoor pool, outdoor pool with sundeck, picnic area, heated underground garage, laundry room, playground and tennis court.
Situated at 2044 Oakdale Ave., Eagle Pointe is located eight minutes from downtown Saint Paul. The city offers countless amenities for history and architectural admirers, music enthusiasts, sports fans and lovers of the outdoors.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Directors Josh Talberg, Dan Linnell and Mox Gunderson and Director Adam Haydon.
