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MidwestRetail

Marcus & Millichap sells single-tenant retail building

Staff Writer April 5, 2017
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Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Jason’s Deli, a 5,145 Square-Foot Freestanding Retail property located in Schaumburg, Ill. The asset commanded a sales price of $2,282,500.

Austin Weisenbeck and Sean R. Sharko, investment specialists in Marcus & Millichap’s Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a partnership, was secured and represented by James Rea and Brian Munn, investment specialists in Marcus & Millichap’s Atlanta office.

Jason’s Deli is located at 1530 McConnor Parkway. This property was constructed in 2010 and is 100 percent leased to Jason’s Deli with a 10 year initial lease. This is one of the 121 corporately operated Jason’s Deli in the United States.

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