Marcus & Millichap announced the sale of The Liberty, a 242-unit multifamily property in Golden Valley, Minnesota, for $59.5 million. The asset is a 96%-occupied luxury apartment and townhome community.
The property is positioned for continued growth as multifamily supply tapers and demand for well-located suburban properties increases in the Minneapolis-St. Paul area. The asset is five miles from Downtown Minneapolis and easily accessible from major routes.
This transaction highlights Marcus & Millichap's expertise in the multifamily sector and its ability to facilitate significant sales in key suburban markets. The sale underscores the ongoing investor interest in high-quality residential assets.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.