Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Strawberry Hill Plaza, an approximately 20,000 square-foot retail property located in Hoffman Estates, IL, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $2,000,000.
Sean R. Sharko, Austin Weisenbeck and Adrian J. Mendoza, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, the original developer. The buyer was a partnership between two high net worth individuals.
Strawberry Hill Plaza is located at 1004 – 1052 West Golf Road in Hoffman Estates, IL. The property is currently 70.33 percent leased to a mix of local tenants with staggered lease expirations. All tenants operate under net-leases reimbursing for their pro-rata share of operating expenses. The largest tenant, Unimart, has occupied its space for 15 years.