Marcus & Millichap Sells Sanford Health Clinic Portfolio In Bemidji For $23.2M

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.