The sale of Lincoln Crossing, a retail strip property in Fergus Falls, Minnesota, has been successfully completed by Marcus & Millichap. The five-suite property was sold for $2.9 million.
Associate Jack Mahler expressed his satisfaction with the transaction and stated that buyers have been very selective in the past year. However, through their marketing strategy, they were able to attract multiple competitive offers and secure a top market price.
A team of investment specialists from Marcus & Millichap’s Milwaukee and Minneapolis offices – Mahler, Jeff Rowlett, Chris Collins Eric Wagner and Zack Olson – had an exclusive listing to market the property on behalf of seller Lincoln Crossing LLP. They also facilitated the purchase by buyer Lincoln Crossing LLC.
Lincoln Crossing is located at 2304 College Way and is fully occupied by tenants such as Caribou Coffee , Great Clips , Mattress Firm , Jimmy John’s ,andthe Minnesota Department of Health . Built in 2016 on 1.43 acres of land,the property features drive-thrus on both ends.
