- Marcus & Millichap (MMI, Financial) successfully brokered the $59.5 million sale of a luxury multifamily property in Golden Valley, Minnesota.
- The Liberty, a 242-unit complex, boasts a 96% occupancy rate and offers numerous amenities.
- The property is strategically located five miles from Downtown Minneapolis.
Marcus & Millichap, Inc. (MMI), a prominent commercial real estate brokerage firm, announced the successful brokerage of a $59.5 million sale of The Liberty, a luxury multifamily property located in Golden Valley, Minnesota. This property, completed in 2017, consists of 242 units, including 55 townhomes and 187 apartments. It currently enjoys a strong 96% occupancy rate, indicating robust demand for well-positioned suburban assets.
The Liberty features an array of amenities such as a resort-style swimming pool, a fitness center, solar panels, a grilling area, and a clubhouse. Each unit is equipped with full-size washers and dryers, stainless-steel appliances, and balconies, offering enhanced living experiences for residents.
Strategically situated just five miles from Downtown Minneapolis, The Liberty offers convenient access to major routes including U.S. Route 169, Minnesota State Highway 55, and State Highway 100. The property's location in Golden Valley places it near key commercial hubs, including the headquarters of major corporations such as General Mills and Pentair.
Abe Roberts, Senior Vice President of Investments at Marcus & Millichap's Minneapolis office, represented the seller, linked to the Schachtman family, and secured the buyer, The Goodman Group, based in Chaska, Minnesota.
Marcus & Millichap continues to reinforce its position as a leader in the real estate sector, with a sales volume of approximately $49.6 billion and 7,836 transactions closed in 2024. The firm employs over 1,700 professionals across more than 80 offices in the United States and Canada, specializing in investment sales, financing, research, and advisory services.
