Lombard retail center sells for $920K
LOMBARD - Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, has sold a 11,500-square-foot multi-tenant retail property at 401-421 W. Crescent Blvd. in Lombard, according to Steven D. Weinstock, regional manager of the firm's Chicago Oak Brook office.
The property received multiple offers from in-state and out-of-state buyers and sold in 27 days for $920,000. Adrian Mendoza, Austin Weisenbeck and Sean R. Sharko, investment specialists in Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor.
The Chicago-based 1031 exchange buyer purchased the property on an all cash basis.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.