Mount Royal Manor Offering Memorandum
Mount Royal Manor is a 114 unit apartment community located in the Chester Park neighborhood of Duluth, Minnesota. The seven-story building gives tenants picturesque and unparalleled views of the University, downtown Canal Park, and Lake Superior, creating a true North Shore experience for residents.
Mount Royal Manor is a 114 unit apartment community located in the Chester Park neighborhood of Duluth, Minnesota. The seven-story building gives tenants picturesque and unparalleled views of the University, downtown Canal Park, and Lake Superior, creating a true North Shore experience for residents.
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EXECUTIVE SUMMARY<br />
<strong>Mount</strong> <strong>Royal</strong> <strong>Manor</strong><br />
Summary of Terms<br />
Interest Offered:<br />
Fee simple interest in <strong>Mount</strong> <strong>Royal</strong> <strong>Manor</strong>; a 114 unit apartment community<br />
located at 100 Elizabeth Street in Duluth, Minnesota.<br />
Terms of the Sale:<br />
<strong>Mount</strong> <strong>Royal</strong> <strong>Manor</strong> is being offered on a Free and Clear basis.<br />
<strong>Offering</strong> Procedure:<br />
Purchasers wishing to make an offer should submit:<br />
• Letter of Intent (template available upon request)<br />
• Proof of Funds and Banking References<br />
• Resume (which includes a list of other investment real estate owned<br />
now or in the past)<br />
At the time the Owners select a Purchaser, they will have considered a number of<br />
factors including: price, contingency time frame(s), track record and the perceived<br />
ability of potential purchasers to complete the contemplated transaction. Therefore,<br />
interested purchasers are encouraged to submit as much of the above as possible<br />
with the Letter of Intent. Scheduled tour dates are as follows:<br />
Property Tours:<br />
Prospective purchasers are encouraged to visit the subject property prior to<br />
submitting offers. However, all property tours must be arranged with the Marcus<br />
& Millichap listing agents. Tours will be conducted in 45 minute time increments<br />
between 10:00 AM and 4:00 PM, with the last tour time to start at 3:15 PM. Please<br />
do not contact the tenants, on-site management or staff without prior approval.<br />
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are<br />
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future<br />
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap ACT ID Y0510304<br />
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