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1680 West Lane Road
SOLD

Marcus & Millichap Facilitates $4.2M Walgreens Retail Sale In Machesney Park

1680 West Lane Road

Retail
14,490 SF
clock iconSold 65 days ago
Dan Yozwiak
Steven Weinstock
Joe Sparano
+ 2
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Summary

Sale
ILLINOIS
Retail
14,490 sqft

The property involved in the transaction is a 14,490-square-foot retail asset located at 1680 West Lane Road in Machesney Park. The sale price for this property was $4,200,000, amounting to $290 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,200,000
  • Address: 1680 West Lane Road
  • Market: Machesney Park

The deal was facilitated by Dan Yozwiak, Darpan Patel, Joe Sparano, and Steven Weinstock of Marcus & Millichap. The seller, a limited liability company, was represented by Joe Sparano, Dan Yozwiak, and Darpan Patel. Steven Weinstock of Marcus & Millichap played a role in assisting the local buyer in completing a 1031 exchange for the property.

Players

  • All

    5

  • Agents

    4

  • Agencies

    1

Dan Yozwiak's profile picture
Dan Yozwiak
Marcus & Millichap-image
First Vice President Investments
$13.5M Sold
Joe Sparano's profile picture

Details

Deal Summary
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SOLD
IMAGE: Joe Sparano, Darpan Patel, Steven Weinstock & Dan Yozwiak DATE: 05/09/2024 ADDRESS: 1680 West Lane Road MARKET: Machesney Park ASSET TYPE: Retail BROKERS: Dan Yozwiak, Darpan Patel (@Dp_CRE_NNN), Joe Sparano & Steven Weinstock - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $4,200,000 SF: 14,490 ~ PPSF: $290 NOTE: Marcus & Millichap facilitated the $4.2 million sale of a 14,490-square-foot retail property occupied by Walgreens in Machesney Park, near Rockford. The building, constructed in 2008 and located at 1680 W. Lane Road, was represented by Joe Sparano, Dan Yozwiak, and Darpan Patel of Marcus & Millichap on behalf of the seller, a limited liability company. Steven Weinstock of Marcus & Millichap assisted in closing the transaction, which involved a local buyer completing a 1031 exchange.

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Address1680 West Lane Road

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