A retail shopping center located at 125 East Lake Street in Bloomingdale, IL was sold for $4,200,000. The asset spans 25,000 square feet and had a price per square foot of $168. At the time of closing, the property was 95% leased, indicating a strong occupancy rate for the shopping center.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,200,000
• Square Footage: 25,000
• Price Per Square Foot: $168
• Address: 125 East Lake Street
• Market: Bloomingdale
• Broker: Brett Berlin - Quantum Real Estate Advisors

Brett Berlin represented the seller in this transaction, while the buyer was an Illinois-based private investor. The new owner plans to enhance the property's value through improvements and rent growth, highlighting their strategic vision for the investment.