Marcus & Millichap Brokers $5.6 Million Sale Of Retail Property Leased To Chipotle And First Watch

The transaction involved a newly constructed retail property leased to Chipotle and First Watch, located at 1721 South Randall Road in Algonquin, Illinois. The property spans 6,150 square feet and was sold for $5,600,000, which equates to a price per square foot of $911.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,600,000
• Square Footage: 6,150
• Address: 1721 South Randall Road
• Market: Algonquin, IL
• Price per Square Foot: $911

Austin Weisenbeck and Sean Sharko represented the developer-seller in this transaction, while Darpan Patel and Dan Yozwiak from Marcus & Millichap procured the out-of-state buyer, facilitating the sale process.