Marcus & Millichap announced the sale of a South Loop Parking Garage, a 71 stall parking garage located in Chicago’s South Loop, according to John M. Przybyla, regional manager of the firm’s Chicago Downtown office. The asset sold for $2.8 million.
Kyle Stengle, an investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured by Kyle Stengle
South Loop Parking Garage is located at 1255 South State Street in Chicago. South Loop venues are within close proximity to downtown Chicago and public transportation options, including access to all Chicago Transit Authority (CTA) rail lines. The neighborhood is located only eight miles from Midway International Airport and 20 miles from O’Hare International Airport.
