Marcus & Millichap Sells Fully Leased Office Property At 1316 Bond Street For $3.7M

The transaction involved a fully leased office property located at 1316 Bond Street in Naperville, Illinois. This asset spans 22,178 square feet and is situated on a 2.04-acre site. The sale closed for $3,700,000, reflecting a price per square foot of $167. The property is currently occupied by Weaver Consulting Group and was built in 2015, strategically located near the Interstate 88 corridor.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $3,700,000
• Square Footage: 22,178
• Address: 1316 Bond Street
• Market: Naperville, IL
• Acreage: 2.04
• Price per Square Foot: $167
• Brokers: Sean Sharko & Austin Weisenbeck - Marcus & Millichap

Investment specialists Sean Sharko and Austin Weisenbeck represented the seller in this transaction and successfully sourced a non-1031 buyer. The deal was closed for a repeat client of their brokerage team, highlighting their expertise in one of the Chicago suburbs’ strongest office submarkets.