A 7,000-sf Advance Auto net-leased investment property in New Ulm, a city more than 100 miles southwest of the Twin Cities, was sold by a Upland team that included Keith A. Sturm, Michael K. Houge and Deborah K. Vannelli for $936,000.
The same team also sold a 7,000-sf Advance Auto net-leased investment property in Fargo, ND, for $1.5 million. Upland represented the developers in both sales. The investors were private individuals.
Upland Real Estate Group, Inc. of Minneapolis specializes in the sale of net-leased investment properties, and has sold more than $540 million in this product type.
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