Marcus & Millichap Arranges $1.8 Million Sale of Net Leased Retail Property in North Dakota

by Katie Sloan

Grand Forks, N.D. — Marcus & Millichap has arranged the sale of a property net leased to Caribou Coffee and Einstein Bros. Bagels in Grand Forks for $1.8 million.

The 2,558-square-foot space is located at 1225 S. Columbia St. Sean Doyle, Matthew Hazelton, Adam “AJ” Prins and Cory Villaume of Marcus & Millichap had the exclusive listing to market the property on behalf of the seller, an undisclosed developer.

Mark Ruble and Jamie Medress of Marcus & Millichap secured and represented the buyer, an undisclosed partnership. Regional Manager Craig Patterson assisted in closing the transaction.

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