Marcus & Millichap brokered the sale of Falcon View Apartments, a 36-unit multifamily property in Falcon Heights, Minnesota. The property sold for $5.09 million.
Michael Jacobs, Abe Roberts and Tommy Hartwell, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, A Local Ownership Group.
Falcon View Apartments is situated on 1.56 acres at 1800-1818 Larpenteur Ave. W. near the University of Minnesota’s St. Paul campus. Built in 1968, the property consists of two 18-unit buildings with a mix of one-, two- and three-bedroom floor plans totaling 36,768 rentable square feet.
