Marcus & Millichap has facilitated the financing and sale of a 6,600-square foot net-leased DuPage Medical Group property located in Oak Lawn, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,596,019.
Dominic Sulo, first vice president, and Richard Kozarits, senior associate, 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 partnership. The buyer, a limited liability company, was secured and represented by Sulo and Kozarits.
Financing was obtained on behalf of the buyer by Dean Giannakopoulos, senior vice president, and Frank Montalto, senior director, Marcus & Millichap Capital Corporation. A 10-year fixed term, with 30-year amortization and 3.70 percent interest rate was secured from a balance sheet lender.
The DuPage Medical Group property is located at 4861 W. 95th Street in Oak Lawn, near the intersection of 95th Street and Cicero Avenue and minutes from Midway International Airport. The deal went from contract to close in 29 days.