Fabio Sangiorgi Of Marcus & Millichap Represents Buyer In $1.8M Sale In Chicago

The property asset involved is a 7,000-square foot net-leased property located at 6714 S Western Ave, Chicago, IL. The transaction was completed for a price of $1,800,000. The asset is situated within the Chicago market.

Summary of transaction details:

• Property Type: Net-leased
• Transaction Amount: $1,800,000.00
• Address: 6714 S Western Ave, Chicago, IL, 60636
• Square Footage: 7,000 sf
• Buyer's Representative: Fabio Sangiorgi-Marcus & Millichap
• Seller's Representative: Austin Weisenbeck, Sean R. Sharko- Marcus & Millichap
• Buyer: Unknown
• Seller: Unknown

The transaction was brokered by Marcus & Millichap, with Austin Weisenbeck and Sean R. Sharko handling the exclusive listing for the seller. The buyer, a private investor, was represented by Fabio Sangiorgi. The financing for this deal was secured by David Campbell from Marcus & Millichap Capital Corporation. The property was sold to an out-of-state 1031 buyer and closed at 98 percent of the list price. The tenant executed a 10-year lease extension with a corporate guarantee.