A Mariano’s Fresh Market in Elmhurst has sold for a gross sale price of $25 million, according to Inland Private Capital Corporation, who facilitated the sale of the property on behalf of one of its 1031 investments programs.
Located at 678 North York Rd., the single-story, 75,922-square-foot property was built on roughly 5.77 acres in 2013 and is currently fully leased to Roundy’s Supermarkets, Inc.
The property was sold at a premium to the investors’ purchase price. The buyer, Royal Palace Hotels Partnership, L.P., assumed the existing loan.
Michael Kaider and Christian Williams of CBRE represented the owner, Inland Private Capital Corporation, and Eric Sackler of Coldwell Banker Commercial represented the buyer, Royal Palace Hotels Partnership, L.P.