Industrial W Minnesota

Marcus & Millichap closes $8 million industrial sale in Minnesota

Marcus & Millichap closes $8 million industrial sale,ph01

Marcus & Millichap closed the sale of a 124,181-square-foot net-leased industrial property at 9800 13th Ave. N. in Plymouth, Minnesota. The asset sold for $8.185 million.

Sean O’Brien and John Godwin, investment specialists in Marcus & Millichap’s Chicago Oak Brook and Michigan offices, exclusively marketed the property on behalf of the seller, a private investor. The buyer, a real estate investment trust, was secured by O’Brien.

Matthew Hazelton assisted in closing the transaction as the broker of record in Minnesota.

Occupied by Allied Building Products, the property includes an on-site fueling station and 9.95 acres of outdoor storage space that is fully paved and fenced.