Gray Harbor Capital Acquires $9M Federal Office Building In Bemidji, MN

An investment company specializing in government property, Gray Harbor Capital, has recently acquired a new federal office building located at 2225 Cooperative Ct NW in Bemidji, Minnesota. The property spans an impressive 35,000 square feet and was purchased for a total of $9 million, translating to a price per square foot of $257.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,000,000
• Square Footage: 35,000
• Address: 2225 Cooperative Ct NW, Bemidji, MN
• Market: Bemidji, MN

The buyer, Philip Kurlander of Gray Harbor Capital, orchestrated the acquisition of this federal office building. On the other side of the transaction, the seller was George S. Farah, SR of West Second Street Associates. This deal highlights Gray Harbor Capital's expertise in government property investments and serves as a strategic addition to their portfolio.