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Marcus & Millichap brokers single-tenant, net-leased Lincoln Park property

Marcus & Millichap brokers single-tenant, net-leased Lincoln Park property,ph01

Marcus & Millichap announced the sale of a 4,400-square-foot, net-leased property located in Chicago, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $2,770,000.

Brewster Hague, Sean R. Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, represented an out-of-state non-1031 exchange buyer for this property. Located at 1925 N. Lincoln Avenue in a prime Lincoln Park location, the property is a single-tenant, net-lease commercial condo with a 20-year sale-leaseback that went from contract to close in 36 days.