Marcus & Millichap brokered the sale of a 14,380-square-foot industrial property in Becker, Minnesota. The asset sold for $1.05 million.
Brandon Houghtaling and Peter Doughty, investment specialists in Marcus & Millichap’s Chicago downtown office, had the exclusive listing to market the property on behalf of the seller, a private investor. Jon Ruzicka, broker of record, assisted in closing this transaction.
The subject property is located at 14105 Commerce Drive in Becker. The property was offered as a sale-leaseback with an initial five-year lease term. Houghtaling and Doughty were able to procure 8 competitive offers within the first 12 days of marketing on behalf of the seller.
