Marcus & Millichap announced the sale of Accelerated Rehabilitation Centers, a 4,329 square-foot net-leased property located in Downers Grove, IL. The asset sold for $360,000.
Tammy A. Saia, an investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor.
Accelerated Rehabilitation Centers at 1624 -1626 Ogden Avenue sold in 31 days at 90 percent of its original list price. Accelerated Rehabilitation Center (corporate guarantee) has leased the property since 2003. Accelerated’s lease includes four percent annual rent increases. This property has been 100 percent occupied since 1975. This is a highly desirable corridor; located along heavily trafficked Ogden Avenue (Route 34) with exposure to 35,000 vehicles per day. Interstate 355 is 2.2 miles to the west.
