JLL Capital Markets recently facilitated the $18.75 million sale of The Estates at Arbor Oaks, an active adult 55+ Community near Minneapolis, Minnesota.
JLL worked on behalf of the seller, Estates of Arbor Oaks, LLC, to complete the sale to the buyer, PC Arbor Oaks, LLC. JLL also represented the buyer in obtaining acquisition financing on the property.
The Estates at Arbor Oaks sits on 12.48 acres, consists of 66 one-, two- and three-bedroom homes and is 95.5 percent occupied. The homes are newly constructed with screened-in balconies, in-unit washer and dryers, full kitchens and walk-in closets. Resident amenities include continental breakfast every morning, social and recreational programs, a bistro, on-site salon, state-of-the-art fitness center, underground parking and car wash station, pickleball court, outdoor patio with grills and fireplaces and an outdoor gardening area.
The property is located at 1753 156th Lane N.W. in Andover, Minnesota, which is about 30 minutes from downtown Minneapolis.
The JLL Capital Markets team representing the seller was led by Dan Linnell, Mox Gunderson, Josh Talberg and Adam Haydon. The JLL Financing team was led by Matt Steffen, Ken Dayton and Russ Kappenman.
