Connect Media > Chicago News > South Side > Sharko|Weisenbeck Team Finalizes 1031 Deal in West Englewood

October 1, 2020 Comments Off on Sharko|Weisenbeck Team Finalizes 1031 Deal in West Englewood Views: 369 Chicago News, South Side

Sharko|Weisenbeck Team Finalizes 1031 Deal in West Englewood

Order Reprints...

Marcus & Millichap’s Sharko|Weisenbeck Team arranged the sale of an Advance Auto Parts store in West Englewood on Chicago’s Southwest side. The property sold for $1,800,000.

SVPs Austin Weisenbeck and Sean R. Sharko in Marcus & Millichap’s Chicago Oak Brook office marketed the property on behalf of the seller, a developer.  

The buyer, a private investor, was secured and represented by Fabio Sangiorgi and Rachna Gandhi of Marcus & Millichap’s Palo Alto office, CA. Financing was obtained by David Campbell, SVP capital markets, Marcus & Millichap Capital Corporation.

Advance Auto Parts is located at 6714 S. Western Ave. The property was sold to an out-of-state 1031 buyer and closed at 98% of the list price. The corporately guaranteed tenant recently executed a 10-year lease extension with a corporate guarantee.

Connect With Marcus & Millichap’s Sharko

Connect With Marcus & Millichap’s Weisenbeck


Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: , , ,

Comments are closed.