Mario Murgado Of Murgado Automotive Group Acquires Retail Property In Chicago For $11.2M

This retail asset, located at 1561 North Fremont Street in Chicago, was sold for $11,200,000. The transaction is part of AutoCanada's strategy to exit the U.S. auto retail market, marking another divestment in the Midwest. The sale excludes inventory and the proceeds from this transaction will be used to pay down AutoCanada's revolving credit facility.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,200,000
• Buyer: Mario Murgado - Murgado Automotive Group
• Seller: Samuel Cochrane - AutoCanada
• Broker: Haig Partners LLC
• Date of Sale: 01/30/2026

The buyer, Mario Murgado, is affiliated with Murgado Automotive Group, a Miami-based company specializing in automotive sales. The seller, Samuel Cochrane, represents AutoCanada, which continues its strategic divestment in the region. Haig Partners LLC acted as the broker in this transaction.