Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Sunrise Plaza, a 13,275 square-foot retail property located in Mount Prospect, IL, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $3,825,000.
Adrian J. Mendoza, Austin Weisenbeck and Sean R. Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a local investment group. The buyer, a limited liability company, was secured by Sean R. Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office.
Sunrise Plaza is located at 905 – 945 East Rand Road in Mount Prospect, IL and sold at 98 percent of its original list price. The property is 100 percent leased and leased to a mix of national and local tenants including TitleMax, Pizza Hut, H&R Block, AAA, Hertz and Sprint. Additionally, the property was built in 2000 and features attractive all masonry construction.
