Abacus Property Group LLC has purchased a 323-unit Parkway Estates of Burnsville apartment complex at 1505 E. Burnsville Pky E. is Burnsville, MN for $29.9 million, or about $93,000 per unit, from Pro One Management.
The historic apartment building was built in 1971. It totals 374,415 square feet.
Ted Bickel, Jeff Budish and Brady DeVore of Colliers International represented the seller.
Please see CoStar COMPS #4018792 for more information on this transaction.