One of the most well-known office properties in downtown Duluth is now available for purchase. The 96,000-square-foot Class B building, anchored by Wells Fargo, has been listed for sale according to a report from the Minneapolis/St. Paul Business Journal. Brisky Net Lease, a leasing and investment brokerage company represented by Brian Brisky and Max Mantey, is marketing this property as an opportunity with various potential uses such as traditional value-add office space or conversion possibilities.
The new owner will also have the option to rebrand the building if they occupy more square footage than Wells Fargo’s current 16,000 square feet. Currently at 63% occupancy rate per outlet reports,the nine-story building located at 230 W.Superior Street was built in 1956 and renovated in1972.The current owner Inreit Properties,is linked to Sterling Real Estate based out of Fargo,North Dakota.The sale price is negotiable with an estimated market value of $4.7 million assessed in2023 according to reports from Journal.Connect CRE brings you news on all commercial real estate developments across various regions without any specific focus on Connect LA or Connect Texas.
“}]]
