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Michael Houge, CCIM, SIOR closed on the sale of a 50,500 square foot industrial property in Grand Forks, North Dakota.
(PRUnderground) October 7th, 2021
Michael Houge, CCIM, SIOR closed on the sale of a 50,500 square foot industrial property in Grand Forks, North Dakota. Houge Co-Listed the property with the Chicago office of Cushman Wakefield. The property was sold to a food company that was interested in the excellent rail transportation and access to the Midwest markets.
Located in the Mill District at 2250 State Mill Road, Grand Forks, the building featured various sized drive in–doors, a dock door, a rail spur, floor drains, and indoor dock-high loading with a forklift ramp on more than 4 acres. Houge said, “The market in North Dakota has been a lot slower within the last year, so finding the right buyer for a very specialized property like this one could have been challenging. However, with the combined network between NAI Legacy and Cushman Wakefield, we were able to sell this property with relative ease.” The Chicago-based brokers, Alex Brody and Tim Cahill referred Houge the listing, as Houge holds a license in North Dakota and is familiar with the market.
About NAI Legacy
Coupling the latest technology with a traditional emphasis on customer service, the NAI Legacy team provides strategic guidance, administrative support and brokerage services for properties totaling nearly 2,500,000 square feet. With business lines including property management, traditional sales and leasing services, and 1031 tax-deferred exchange solutions, NAI Legacy is adept at navigating all aspects of quality commercial real estate assignments.
Contact the brokerage team at, www.nailegacy.com, to sell or list your property.
About NAI Legacy
NAI Legacy is a full-service commercial real estate firm specializing in tax-efficient real estate investment solutions. NAI Legacy is focused on Commercial Real Estate Investments, Brokerage, NNN Properties, Property Management, Asset Management, and Private Client Solutions. The team at NAI Legacy has a combined 150 years of experience in the commercial real estate sector with over $6 billion of brokerage, investment, and property management experience. Our affiliation with NAI Global connects us to regional offices across the US and beyond.
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Original Press Release.