Marcus & Millichap Arranges Sale Of 3,000SF Net-Leased Property
ROCHESTER, MN, July 14, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Sleep Number, a 3,000-square foot net-leased property located in Rochester, MN, according to Todd E. Lindblom, regional manager of the firm’s Minneapolis office. The asset sold for $2,359,000.
Tom Gommels, an investment specialist in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Sleep Number is located at 2257 Commerce Dr NW in Rochester, MN. “We received multiple written offers and ended up closing at full list price with a buyer in a 1031 Exchange.” Says Gommels.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.