Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

Net-leased auto service center sells in Rockford

November 7, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Marcus & Millichap announced the sale of a 3,305-square-foot net-leased Grease Monkey property located in Rockford, Illinois, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $550,000.

Brian Parmacek, first vice president investments, and Jake Parmacek, an associate, in Marcus & Millichap’s Chicago Downtown office, exclusively marketed the property on behalf of the Illinois-based seller. The Indiana-based buyer was procured by Jeffery Sorenson, an associate in Marcus & Millichap’s Salt Lake City office.

The property is located at 5409 E. State Street in Rockford on a major retail corridor. Grease Monkey purchased the business in 2017 from Havoline Xpress and signed a new five-year lease. A successful automotive preventative maintenance business has operated at this location for over 25 years.

Tags
IllinoisMarcus & Millichapnet leaseretailRockford
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MissouriFinance

Commercial Real Estate Hall of Fame: ElmTree Funds’ James Koman

Dan RafterAugust 9, 2022
MichiganCRE

Michigan’s Farbman Group names SVP of property management

August 9, 2022
MichiganCRE

Michigan’s Schostak Brothers hires senior acquisitions associate

August 9, 2022
WisconsinLegal

Milwaukee’s Reinhart mourns passing of veteran real estate law specialist Rieselbach

August 9, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com