Universal Metro Asian Services Purchases Retail Property In Carol Stream For $1.5 Million

The property involved in this transaction is a 4,500-square-foot former bank located at 1275 North County Farm Road in Carol Stream, IL. The transaction was completed for a total price of $1,500,000, translating to a price per square foot of $333.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,500,000
• Address: 1275 North County Farm Road
• Market: Carol Stream
• Buyer: Universal Metro Asian Services (UMAS)
• Seller: GW Carol Stream, LLC
• Buyer’s Representative: Rick Scardino - Lee & Associates
• Seller’s Representatives: Brendan Reedy & Jimmy Danaher - Mid-America Real Estate Group
• Square Footage: 4,500
• Price Per Square Foot: $333

UMAS's intention is to transform the acquired property into a state-of-the-art adult day care facility. Lee & Associates facilitated the entire sales process on behalf of the buyer.