Marcus & Millichap Sells Sanford Health Clinic Portfolio In Bemidji For $23.2M | 1233 34th Street Northwest | Seth Haron, Darin Gross, Ashish Vakhariya, Sykes Cargile, Robert (Rob) Lyons | Medical Office | Sale

Summary

Sale

MINNESOTA

Medical Office

74,700 sqft

The Sanford Health Clinic Portfolio in Bemidji, Minnesota, consisting of two neighboring medical office buildings totaling 74,700 square feet, was sold for $23.2 million. The properties are located at 1233 34th Street Northwest, near the Sanford Health Bemidji Medical Center and Sanford WoodsEdge senior living campus.

Summary of transaction details:

Property Type: Medical Office
Transaction Amount: $23,200,000
Market: Bemidji, Minnesota
Square Footage: 74,700
Price per Square Foot: $311
Brokers: Ashish Vakhariya, Darin Gross, Rob Lyons, Seth Haron & Sykes Cargile - Marcus & Millichap

Seth Haron, Ashish Vakhariya, and Darin Gross represented the seller in the transaction, collaborating with Sykes Cargile and Rob Lyons who represented the buyer. Jon Ruzicka played a key role in closing the deal, facilitating the smooth completion of the sale of the medical office buildings.

Players

All
6

Agents
5
Agencies
1

Seth Haron

First Vice President Investments

$52.6M Sold

Darin Gross

Associate

$52.6M Sold

Ashish Vakhariya

First Vice President Investments

$52.6M Sold

$23.2M Sold

$23.2M Sold

Details

Deal Summary

SOLD

IMAGE: 05/06/2024 ADDRESS: 1233 34th Street Northwest MARKET: Bemidji, Minnesota ASSET TYPE: Medical Office BROKERS: Ashish Vakhariya, Darin Gross, Rob Lyons, Seth Haron & Sykes Cargile - Marcus & Millichap SALE PRICE: $23,200,000 SF: 74,700 ~ PPSF: $311 NOTE: Marcus & Millichap facilitated the $23.2 million sale of the Sanford Health Clinic Portfolio in Bemidji, Minnesota, comprising two neighboring medical office buildings totaling 74,700 square feet. Seth Haron, Ashish Vakhariya, and Darin Gross represented the seller, collaborating with Sykes Cargile and Rob Lyons who represented the buyer, with Jon Ruzicka assisting in closing the transaction. The properties are situated adjacent to the Sanford Health Bemidji Medical Center and Sanford WoodsEdge senior living campus, reflecting Sanford Health's prominent presence as the largest rural health system and primary employer in the Bemidji area.

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Address1233 34th Street Northwest

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