Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 10-year Fresenius, a medical office property located in Westmont, Illinois. The asset sold for $6,300,000.
Senior Managing Directors Austin Weisenbeck and Sean R. Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, sold the property on behalf of the seller, a limited liability company.
The Fresenius is a relocation and expansion site, located at 700 Pasquinelli Drive in Westmont, Illinois. The medical office is a rare vascular repair center, operated by Makris MD Vascular Center, a subsidiary of Fresenius Medical Care. Fresenius recently extended for 10 years and offers annual rental increases. The center is situated in a high barrier of entry market, adjacent to IL Route 83’s interchange with 66,200 vehicles passing per day.
