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

Property Image
SOLD
$11,200,000
Mario Murgado
Samuel Cochrane

Illinois

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Retail
Sold 01/30/2026
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Property Image
SOLD

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

1561 North Fremont Street

See Similar Deals
Retail
Sold 01/30/2026
Mario Murgado
Samuel Cochrane
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Retail
Transaction Type:Sale

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.

Players

Mario Murgado
Murgado Automotive Group
Mario Murgado
3 deals$24.1M volume
BUYER
Samuel Cochrane
AutoCanada
Samuel Cochrane
1 deal$11.2M volume
SELLER

Details

SOLD
IMAGE: Samuel Cochrane & Mario Murgado DATE: 01/30/2026 ADDRESS: 1561 North Fremont Street MARKET: Chicago ASSET TYPE: Retail BUYER: Mario Murgado - Murgado Automotive Group SELLER: Samuel Cochrane - AutoCanada (@AutoCanadaInc) BROKER: Haig Partners LLC SALE PRICE: $11,200,000 NOTE: AutoCanada continues its exit from the U.S. auto retail market with another Midwest divestment.AutoCanada sold Toyota of Lincoln Park in Chicago to Miami-based Murgado Automotive Group for $11.2M in cash (excluding inventory), with proceeds earmarked to pay down its revolving credit facility.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$39,791.25
Cash-on-Cash Return-1.27%
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