Quality Elevator Products Sells Industrial Property In Niles For $5.2M With Brokers Peter Doughty & Dylan Hyde - Marcus & Millichap

The industrial property located at 7760 N. Merrimac Ave in Niles was recently sold for a price of $5,200,000. The property, owned by Quality Elevator Products, spans an area of 56,261 square feet. The sale price equates to approximately $92 per square foot. The transaction was facilitated by brokers Peter Doughty and Dylan Hyde from Marcus & Millichap.

Summary of Transaction Details:

• Property Type: Industrial
• Transaction Amount: $5,200,000
• Size: 56,261 square feet
• Price per Square Foot: $92
• Address: 7760 N. Merrimac Ave, Niles
• Market: Niles

Peter Doughty and Dylan Hyde from Marcus & Millichap played a crucial role as brokers in facilitating the sale of the property. Their expertise and guidance ensured a successful transaction for both the seller, Quality Elevator Products, and the buyer. This sale in the industrial market reflects ongoing activity and interest in the Niles area, making it an attractive investment for the parties involved.