Wayne Caplan Represents Seller In $3M Sale To Out-of-State REIT In Schiller Park

The property at 9320 Irving Park Road in Schiller Park, Illinois, was recently involved in a commercial sale. Wayne Caplan of SVN | Chicago Commercial represented the seller in this transaction. The Chase Bank ground lease at this location, with over 10 years remaining on the lease, attracted multiple offers. Eventually, the property was purchased by an out-of-state Real Estate Investment Trust (REIT) for over $3 million.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: Over $3 million
• Address: 9320 Irving Park Rd, Schiller Park, IL
• Market: Schiller Park
• Seller's Representative: Wayne Caplan (SVN)
• Buyer: Unknown Real Estate Investment Trust

The involvement of Wayne Caplan from SVN | Chicago Commercial was crucial in finalizing the sale of the property. The successful transaction, valued at over $3 million, highlights the demand for commercial properties with stable leases in the market. The buyer, an out-of-state REIT, saw the potential in this investment opportunity, leading to the completion of the deal.