Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Physicians Immediate Care (WellNow), a 3,500-square-foot net-leased property located at 416 S. Milwaukee Ave. in Libertyville, Illinois. The asset sold for $3.7 million.
Brian Parmacek had the exclusive listing to market the property on behalf of the seller, a developer.
This Class A building was constructed in 2023 and the tenant operates under a 15-year absolute net lease with 10% increases every five years.
