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Marcus & Millichap Sells Lakeview Plaza Retail Center In Lake Zurich For $7.7M

Property Image
SOLD
$7,700,000
Sean Sharko
Austin Weisenbeck
Adrian Mendoza

Illinois

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Retail52,400 SF
Sold 12/02/2024
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Property Image
SOLD

Marcus & Millichap Sells Lakeview Plaza Retail Center In Lake Zurich For $7.7M

41 Rand Road

See Similar Deals
Retail52,400 SF
Sold 12/02/2024
Sean Sharko
Austin Weisenbeck
Adrian Mendoza
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Retail
Price Per Square Foot:$146
Total Square Footage:52,400 SF
Transaction Type:Sale

The property asset involved in this transaction is Lakeview Plaza, a retail center located at 41 South Rand Road in Lake Zurich, Illinois. The asset was sold for $7,700,000 and encompasses a total square footage of 52,400. The price per square foot for this retail center is calculated at $147. This property was originally built in 1987.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,700,000
  • Square Footage: 52,400
  • Price Per Square Foot: $147
  • Address: 41 South Rand Road, Lake Zurich
  • Market: Lake Zurich

The transaction was brokered by Marcus & Millichap, with Adrian Mendoza, Sean Sharko, and Austin Weisenbeck representing the seller and securing the buyer, a family office that specializes in shopping centers. Their expertise contributed to the successful completion of this retail property sale.

Players

Adrian Mendoza
Marcus & Millichap
Adrian Mendoza
23 deals$164.2M volume(630) 570-2163
BROKER
Austin Weisenbeck
Marcus & Millichap
Austin Weisenbeck
51 deals$308.4M volume
BROKER
Sean Sharko
Marcus & Millichap
Sean Sharko
76 deals$407.7M volume
BROKER

Details

SOLD
IMAGE: Adrian Mendoza, Austin Weisenbeck & Sean Sharko DATE: 12/02/2024 ADDRESS: 41 South Rand Road MARKET: Lake Zurich ASSET TYPE: Retail BROKERS: Adrian Mendoza, Austin Weisenbeck & Sean Sharko (@Srshsrko) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $7,700,000 SF: 52,400 ~ PPSF: $147 NOTE: Marcus & Millichap brokered the $7.7M sale of Lakeview Plaza, a 52,400-SF retail center in Lake Zurich, IL, built in 1987. Adrian Mendoza, Sean Sharko, and Austin Weisenbeck represented the seller and secured the buyer, a family office specializing in shopping centers.

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