Marcus & Millichap announced today the sale of a 7,840-square foot office property located in Naperville, Illinois. The asset sold for $1,282,000.
Austin Weisenbeck, senior managing director investments, and Sean Sharko, senior managing director investments, of Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a California-based limited liability company. The buyer, a Chicagoland-based private investor, was secured and represented by Weisenbeck and Sharko. The buyer was selected within two weeks of going to the market and the property closed at 100% of the list price.
Occupied since 1993, the single-tenant architectural headquarters is at 4040 South Helene Ave. in Naperville, Illinois. It is situated down the street from a retail and residential lifestyle community and adjacent to a new construction community, consisting of 312 single-homes. Seventy-three thousand people live within three miles and the population is expected to grow 11.4% within one mile by 2027. The average household income is $228,764 within one mile of the property.
