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MARCUS & MILLICHAP BROKERS $11.6 MILLION MULTIFAMILY SALE

ST. CLOUD, MINN. — Marcus & Millichap has brokered the sale of Park Place Estates, a 175-unit multifamily community located at 3700 West Germain in St. Cloud. The property, which includes one-, two- and three-bedroom units, commanded a sales price of $11.6 million. Jim Walsh and David Scott of Marcus & Millichap listed and sold the community to an undisclosed buyer. Amenities of Park Place Estates include three elevators, a private courtyard, an indoor swimming pool, an indoor spa and sauna, an exercise facility, a tennis court and a resident clubroom.

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