Marcus & Millichap brokered the sale of Service King, a 7,800-square foot, net-leased property located in Villa Park, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,479,000.
Andrew P. Antoniou, associate, Dominic Sulo, first vice president, and Chad Lieber, senior associate and investment specialists in Marcus & Millichap’s Chicago Oak Brook and Newport Beach offices, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a limited liability company, was secured and represented by Antoniou, Sulo and Lieber.
Service King is located at 724 N. Ardmore Avenue in Villa Park. Multiple offers were procured, and the team represented the out-of-state 1031 exchange buyer. The property has a corporate guarantee from this top three collision repair provider.
