Marcus & Millichap Brokers $4.4M Sale Of DaVita Property In Chicago

The property involved in the transaction is a 7,018-square-foot commercial asset located at 4323 N Pulaski Rd in Chicago, Illinois. The property was sold for $4,400,000.00. Marcus & Millichap facilitated the sale of the property, which is net leased to DaVita, a kidney care company. DaVita signed a new 15-year, double-net lease with 10 percent rent increases every five years.

Summary of transation details:

• Property Type: Commercial
• Transaction Amount: $4,400,000.00
• Market: Chicago
• Seller's Representative: Sean Sharko (Marcus & Millichap), Valerie Cook (Keller Williams)
• Buyer: Unknown
• SF: 7018

Austin Weisenbeck, along with Sean Sharko and Valerie Cook of Marcus & Millichap, led the marketing of the property on behalf of the seller, a developer. The buyer in this transaction was not disclosed.