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Marcus & Millichap closed the sale of The Groves Apartments, a 120-unit apartment complex in Brooklyn Park, Minnesota. The property sold for $12 million, or $100,000 per unit. 

Olson, Chris Collins, Evan Miller, Eric Wagner and Matt Shide, investment specialists in Marcus & Millichap’s Minneapolis and Milwaukee offices, had the exclusive listing to market the property on behalf of the seller, The Groves Apartments LLC, and procured the buyer, an out-of-state investment group. Jon Ruzicka, Broker of Record in Minnesota, assisted in closing the transaction.