Marcus & Millichap sells bank site for $2.53 million

OAKBROOK TERRACE - Marcus & Millichap recently assisted in the sale of a 4,200-square foot property at 11901 West 143rd St. in Orland Park that is currently leased to U.S. Bank.

The property sold for $2,53 million.

Sean R. Sharko, Austin Weisenbeck and Adrian Mendoza, investment specialists in Marcus & Millichap's Chicago Oak Brook office, 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 Conor Devitt, an investment specialist in Marcus & Millichap's Toronto office.

U.S. Bank has 4.5 years remaining on its base lease term. Despite the limited lease term remaining, Marcus & Millichap was able to procure multiple offers from both coasts, demonstrating the strength of the platform.

The property is located east of the major stoplight intersection of 143rd Street and Will Cook Road. There are more than 17,000 vehicles that drive past the property on a daily basis.