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MinnesotaMultifamily

Michel Commercial sells 48-unit apartment complex in Minnesota

August 17, 2023
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Michel Commercial brokered the sale of Gateway Place Apartments, a 48- home, affordable (Section 42) apartment complex in Chanhassen, Minnesota.

Gateway Place was developed by Sand Companies, Inc. of Waite Park, Minnesota.

This property drew multiple competitive offers with its large, well-maintained units, strong occupancy, and excellent location. 

Steve Michel and Heidi Addo of Michel Commercial Real Estate facilitated the sale. 

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