Office N Illinois

Marcus & Millichap arranges sale of office building in Skokie

Marcus & Millichap arranges sale of office building in Skokie,ph1

Marcus & Millichap facilitated the sale of Dental Lab, a 5,000-square foot office property located in Skokie, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $900,000.

Tami Andrew, associate, and Tammy A. Saia, first vice president investments, in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a local private investor. The buyer, a private investor, was secured and represented by Andrew and Saia.

Dental Lab is located at 7880 Lincoln Ave in Skokie, Illinois. The building is a two-story stucco building with a long-term lease to a dental lab who has been at this location for 30 years. The second story office space has high-quality finishes. The property features a private parking lot which is rare for this area. Five years remain on the 10-year lease