Marcus & Millichap brokered the sale of a 12,200-square-foot, net-leased CVS property located in Riverdale, Illinoid, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $2,425,000.
Matt Emerick, associate, Austin Weisenbeck, senior vice president, and Sean R. Sharko, senior vice president and investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a west coast family trust. The buyer, an institutional west coast buyer, was secured and represented by Emerick Weisenbeck and Sharko with an all-cash offer and a five-day due diligence period.
The CVS is located at 250 West 144th Street in Riverdale, Illinois on a signalized, hard-corner intersection. The property has just under 10 years remaining on a corporately guaranteed lease with no landlord responsibilities.
