Marcus & Millichap Represents Buyer In $725K Office Sale At 528 S 5th St

The Edwards Building, a 18,506-square foot office property located at 528 S 5th St, Springfield, IL, 62701 in the Springfield market, was sold for $725,000. The asset was successfully marketed by Marcus & Millichap and was purchased by an unknown private investor. The major tenant in the building is a tenant in another property owned by the buyer, which enhanced the deal's appeal.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $725,000.00
• Buyer's Representative: Tami Andrew (Marcus & Millichap), Tammy Saia (Marcus & Millichap)
• Seller: Unknown
• Buyer: Unknown

The sale of The Edwards Building in Springfield, Illinois was brokered by Tammy A. Saia and Tami Andrew of Marcus & Millichap's Chicago Oak Brook office. The buyer, a private investor from Pennsylvania, was represented by Saia and Andrew. The property, located near the state capitol building, garnered multiple offers before being acquired by the Pennsylvania buyer.