Marcus & Millichap facilitated the sale of a Walmart retail outparcel located in Algonquin, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. After procuring multiple offers the asset sold at 97 percent of list price for $3,715,500.
Austin Weisenbeck, senior vice president and Sean R. Sharko, senior vice president and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer was a Midwest-based investment company. This closing marked the 28th deal closed this year for the Sharko|Weisenbeck Team.
Located at 1496 S Randall Road on a signalized, hard corner intersection of Randall Road and County Line Road. The 7,926-square-foot property is 100 percent occupied and all tenants operate under net leases.