Marcus & Millichap negotiated the sale of Sterling Heights, a 96-unit apartment property in St. Cloud, Minnesota. The property sold for $9 million, or $93,750 per unit.
Chris Collins, Evan Miller and Eric Wagner, investment specialists in Marcus & Millichap’s Minneapolis office, marketed the property on behalf of the seller, a Minnesota LLC, and procured the buyer, a Wisconsin LLC.
Located at 2010 27th St. SE, Sterling Heights offers a mix of studio, one-, two- and three-bedroom floor plans across 91,621 rentable square feet. Built in 2002, the property spans 4.57 acres off Highway 10, near Riverside Park and St. Cloud State University.
