Lincoln Crossing LLC Acquires Retail Strip From Lincoln Crossing LLP In Fergus Falls For $2.9M

The property asset involved in this transaction is a fully occupied five-suite retail strip located at 2304 College Way in Fergus Falls, Minnesota. The asset encompasses 1.43 acres and was sold for a total price of $2,900,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,900,000
• Buyer: Lincoln Crossing LLC
• Seller: Lincoln Crossing LLP
• Market: Fergus Falls, MN
• Brokerage: Marcus & Millichap
• Broker Representatives: Chris Collins, Eric Wagner, Jack Mahler, Jeff R. Rowlett & Zack Olson

The transaction was facilitated by a team of investment specialists from Marcus & Millichap, which attracted multiple competitive offers, indicating heightened interest from selective buyers in the current market.