Carly Kelly Gallagher Of Blue West Capital Represents Seller In $6.1M Fargo Retail Sale

The property involved in this closed transaction is a retail asset located at 5094 Alexander Dr S in Fargo, ND. It was sold for $6,100,000, representing a notable cap rate of 6.68%. This transaction marks the lowest cap rate for a Planet Fitness property nationally since 2023.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,100,000
• Address: 5094 Alexander Dr S
• Market: Fargo, ND
• Cap Rate: 6.68%
• Seller: Undisclosed
• Buyer: REIT (all-cash buyer)
• Broker: Carly Kelly Gallagher - Blue West Capital

Carly Gallagher Kelly represented the undisclosed seller in this transaction, facilitating the deal which involved a reputable REIT as the buyer. The transaction reflects Blue West Capital's active role in the retail real estate market.