Marcus & Millichap announced the sale of a 4,400-square-foot, net-leased property located in Chicago, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $2,770,000.
Brewster Hague, Sean R. Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, represented an out-of-state non-1031 exchange buyer for this property. Located at 1925 N. Lincoln Avenue in a prime Lincoln Park location, the property is a single-tenant, net-lease commercial condo with a 20-year sale-leaseback that went from contract to close in 36 days.
