The Boulder Group Facilitates $2.77M Sale Of Retail Property With Huntington Bank Lease In Buffalo Grove

The property involved in this transaction is a retail asset located at 401 Deerfield Parkway, Buffalo Grove, Illinois. The sale price for this property was $2,770,000, which reflects a price per square foot of $592. The asset encompasses a total area of 4,680 square feet situated on a 2.3-acre site featuring five drive-thru lanes.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,770,000
• Square Footage: 4,680 sq ft
• Price per Square Foot: $592
• Address: 401 Deerfield Parkway, Buffalo Grove, IL
• Market: Buffalo Grove, IL
• Seller: Midwest-based seller
• Buyer: West Coast-based individual buyer
• Lease: Huntington’s NNN lease runs through July 2031 with two five-year renewal options

The transaction was facilitated by Randy Blankstein, Jimmy Goodman, and John Feeney, who represent the seller and buyer in this deal. They are affiliated with The Boulder Group, the brokerage responsible for the sale of the Huntington Bank branch.