Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Hampton Place, a 42-unit multifamily property in St. Cloud, Minnesota, for $2.35 million.
Collins and Evan Miller, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both Minnesota limited liability companies.
Hampton Place is located at 503 15th Ave. SE and features a mix of one-, two- and three-bedroom units across 34,597 rentable square feet. Built in 1989, the property is on 1.65 acres in St. Cloud, a regional hub known for its strong education, healthcare and
arts sectors. It is less than 10 minutes from St. Cloud State University and the Mississippi River.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
