Marcus & Millichap Arranges $4.2M Sale Of Retail Strip Center In Rochester Minnesota

A retail strip center located at 3801 Marketplace Drive Northwest in Rochester, MN has been sold for $4,200,000. The property spans 8,780 square feet and was traded at a price per square foot of $478. It is fully occupied by tenants including Spectrum, Potbelly Sandwich Shop, Leann Chin, and Infinity Nails.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,200,000
• Square Footage: 8,780
• Price per Square Foot: $478
• Address: 3801 Marketplace Drive Northwest
• Market: Rochester, MN

Marcus & Millichap facilitated the transaction, with brokers Jared Shapiro, Craig Fuller, Erin Patton, and Scott Wiles representing both the undisclosed buyer and seller in the deal.