Marcus & Millichap brokered the sale of FedEx Ship Center, a 36,395-square foot net-leased property located in Elk Grove Village, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $4,045,000.
Dominic Sulo, first vice president and investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
The FedEx Ship Center is located at 1200 Devon Avenue. Phenomenal real estate, minutes from O’Hare International Airport with an aggressive sale cap rate and a short-term lease.