Syndicate Apartments LLC, a Minnesota-based investor, acquired Douglas Drive Terrace, a two-building multifamily complex at 3300-3330 Douglas Dr. N in Minneapolis, MN for $2.75 million, or about $60,000 per unit.

The two-story buildings were constructed in 1962 and 1963 on 1.2 acres in the Bassett Creek submarket of Hennepin County. The assets, totaling 46 units, were 98 percent occupied at the time of sale.

Mox Gunderson, Daniel Linnell, and…

from Minneapolis Commercial Real Estate News From CoStar Group http://ift.tt/Ro2U1b
via IFTTT