Marcus & Millichap Brokers 11-Property Sherwin-Williams Portfolio Sale For $18.74M

The transaction involved the sale of an 11-property Sherwin-Williams portfolio encompassing retail assets across multiple locations including 2405 Middle School Avenue Northwest, 1801 London Rd, 2445 College Way, 300 Southeast 29th St, 132 Twin Rivers Ct, 1500 E. Century Ave., 3010 Rock Island Pl, 3010 32nd Ave., 1212 S. Darryl Place, 2215 Bakker Landing Ave. & 926 26th St. SE. The total sale price was $18,743,000, with a total square footage of 55,590 and a price per square foot of $337. The assets are situated within the markets of Bemidji, Duluth, Fergus Falls, Grand Rapids & Sartell in Minnesota, as well as Bismarck & Grand Forks in North Dakota, and Sioux Falls, Tea & Watertown in South Dakota.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,743,000
• Square Footage: 55,590
• Price per Square Foot: $337
• Broker Representatives: Dominic Sulo & Jon Ruzicka - Marcus & Millichap
• Seller: Repeat Minnesota private seller
• Buyer: Michigan-based institutional buyer

Dominic Sulo and Jon Ruzicka from Marcus & Millichap facilitated the transaction, representing the seller in the deal. They successfully secured a buyer from Michigan, demonstrating the effectiveness of their brokerage efforts in connecting sellers with institutional buyers.