Marcus & Millichap has brokered the $9.2 million absolute net lease sale of an 81,893-square-foot Class-A industrial facility at 1111 Lakeside Drive in Gurnee. Located in the Grand Tri-State Business Park directly off Interstate 94, the property brought in multiple offers and sold after just over one week on the market.
Marcus & Millichap’s Peter Doughty, vice president investments, represented the seller, a private investment group, and procured the buyer, a New York-based real estate investment trust.
Constructed in 1993, 1111 Lakeside Drive contains 24-foot clear heights, four external docks and two drive-in doors. The building is home to the global administrative, production and distribution headquarters of Ohio Medical LLC, a manufacturer of premium respiratory products. The company currently employs a staff of 150 on-site and ships its products to over 80 countries worldwide.
