Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Wheelock Parkway Apartments, a 103-unit apartment property located in St. Paul, Minnesota.
“Wheelock Parkway was sold for the first time in over 50 years as the owner was looking to reposition their portfolio,” said Chris Collins, first vice president investments.
Collins, Evan Miller, Eric Wagner, Matthew Shide and Zack Olson, investment specialists in Marcus & Millichap’s Minneapolis and Milwaukee offices, had the exclusive listing to market the property on behalf of the seller, a Minnesota limited liability company, and procured the buyer.
Wheelock Parkway Apartments features 44 one-bedroom units and 59 two-bedroom units across 85,580 rentable square feet. The property includes amenities such as an outdoor pool, laundry facilities, a playground, picnic areas,
and a walking/biking path bordering the property line. Constructed from 1965 to 1967, the asset is near the Como Park Zoo and Rosedale Center in the North End neighborhood of St. Paul.
Marcus & Millichap, Inc. (
