Marcus & Millichap announced the sale of 2001 North Clybourn Avenue, a 24,314-square-foot office property located in Chicago, according to Joseph Powers, regional manager of the firm’s Chicago Downtown office. The asset sold for $6,700,000.
Nicholas Kanich, a first vice president of investments in the Net Lease Group at Marcus & Millichap’s Chicago Downtown office, represented the Delaware-based buyer, a repeat client, on the purchase of this unique Chicago asset.
2001 North Clybourn Avenue is located in the Sheffield Neighbors neighborhood of Chicago, Illinois, and is also a part of the commonly known Lincoln Park neighborhood.
“The multi-tenant, Class-A timber loft office asset was a strategic purchase for the buyer due to its advantageous Lincoln Park location, strong tenant mix, and value add components,” said Kanich.
