CRE Midwest

Marcus & Millichap arranges the sale of a 50,483 SF net-leased property

MM_Alsip-2
11610 South Austin Avenue

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Fasco, Inc., a 45,883 square foot net-leased property located in Alsip, IL.

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Fasco, Inc., a 45,883 square foot net-leased property located in Alsip, IL, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $2,000,000.

Sean O'Brien, an investment specialist 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 buyer, a private investor, was also procured by Sean O'Brien.

Fasco, Inc. is located at 11610 South Austin Avenue in Alsip, IL and sold in 74 days at list price. The subject property is a tilt-up concrete building and has a rentable area of 50,483 square feet. Approximately 20 percent of the building is office space. The ceiling height is 24 feet and the main roof has been recently replaced.