California Buyer Acquires Chicago Retail Property Occupied By Wendy's

A Chicago retail property occupied by Wendy's has been sold for $3.035 million. The property is located at 2811 North Narragansett Avenue and spans 0.63 acres. The sale was brokered by SRS Real Estate Partners on behalf of the seller, a California-based private investor. The buyer, also a California-based private investor, was represented by New Star Realty. The property measures 4,031 square feet, resulting in a price per square foot of $753.

Summary of transaction details

• Property Type: Retail
• Sale Price: $3,035,000
• Square Footage: 4,031
• Price per Square Foot: $753
• Address: 2811 North Narragansett Avenue
• Market: Chicago

SRS Real Estate Partners represented the seller, while New Star Realty represented the buyer in this transaction. Both parties involved are California-based private investors. The deal was facilitated by Sean Lutz and Dan Elliot from SRS Real Estate Partners, who served as the seller's representatives. Bruce Lee and Hope Kim from New Star Realty acted as the buyer's representatives.