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Marcus & Millichap closes sale of auto parts store in Minnesota

oreilly

Marcus & Millichap Real Estate Investment Services recently sold O'Reilly Auto Parts, a 4,000-square-foot net-leased property located in Cass Lake, Minn.

Marcus & Millichap Real Estate Investment Services recently sold O'Reilly Auto Parts, a 4,000-square-foot net-leased property located in Cass Lake, Minn.

The asset commanded a sales price of $120,000.

Mike Marzinske, Matthew Hazelton and Adam "AJ" Prins, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a private investor. Marzinske also secured and represented the buyer, a private investor.

"This transaction was a great example of continued investor demand for properties occupied by quality tenants," said Hazelton.