Marcus & Millichap Represents Sale Of 11-Property Retail Portfolio For $18.7M In Midwest

The transaction involves the sale of a retail portfolio comprising 11 properties, all part of Sherwin-Williams. The retail portfolio encompasses a total square footage of 55,590 and is situated across the states of Minnesota, North Dakota, and South Dakota. The transaction was completed at a price of $18,700,000, translating to approximately $336 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,700,000
• Asset Size: 55,590 square feet
• Price per Square Foot: $336
• Market: Minnesota, North Dakota & South Dakota

The brokers involved in this transaction were Dominic Sulo and Jon Ruzicka, representing Marcus & Millichap. They played a key role in arranging the successful sale of the retail portfolio.