Marcus & Millichap closed the sale of Taylors Falls Villas, a 20-unit townhome community in Taylors Falls, Minnesota, for $3.1 million.
Scott M. Anderson, a multifamily investment specialist in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a Minnesota-based investment group, and procured the buyer, a Wisconsin-based investment group.
Located along the border of Minnesota/Wisconsin, Taylors Falls Villas is comprised of 20 townhomes with a mix of one-, two- and three-bedroom units totaling 20,200 rentable square feet. Built between 1998 and 2001, the property sits on 2.25 acres in Chisago County, minutes from Interstate Park and the Saint Croix River, as well as the heavily trafficked Highway 8.
