Net Lease N Illinois

Morton, IL net-leased property sells for $1.3M

Morton, IL net-leased property sells for 1.3M,ph1

Marcus & Millichap facilitated the sale of Enterprise Truck Rental Ground Lease, a 3,034-square foot net-leased property located in Morton, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,365,000.

Dominic Sulo, first vice president and 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. Located at 203 W. Ashland Street in Morton, the property was under contract in less than 50 days from initial marketing and closed with a local 1031 buyer. Enterprise is the largest car rental company in the United States.