Affiliate Of STAG Industrial Inc Buys Property At 710 E State Pkwy Schaumburg IL

The property asset involved in this transaction is a single-tenant industrial building located at 710 East State Parkway, Schaumburg, Illinois. The building encompasses a total area of 67,817 square feet and has been occupied by Advance Auto Parts and its affiliate, Worldpac, since 2006. In 2019, the occupants expanded into the entire building under a new long-term lease extension.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 710 E State Pkwy, Schaumburg, IL
• Market: Schaumburg
• Seller's Representative: Daniel Benassi, Daniel T. Jones & Sam Deihs-Entre Commercial Realty
• Buyer: Affiliate of STAG Industrial, Inc.
• Square Footage: 67,817

Entre Commercial Realty, represented by Dan Benassi, SIOR, Dan Jones, SIOR, and Sam Deihs, facilitated the sale of this asset. The location of the property provides close proximity to various major automotive dealer brands and numerous vehicle service stations, enabling Advance Auto Parts/Worldpac to efficiently deliver automotive parts and accessories to its customers.