Michael Petrik & Rick Scardino Of Lee & Associates Facilitate $1.17M Sale Of Retail Property In Lake Zurich

The Deertrail Court strip center, located at 884 South Rand Road in Lake Zurich, was sold for $1.17 million. The 9,800-square-foot property is anchored by Walmart and features various tenants, including Eye Level Learning Center, Mimi Nails, Nova Care Rehabilitation, Rush Physical Therapy, and Sake Sushi & Grill.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,170,000
• Buyer: N.D.C.V.G. Properties, LLC
• Seller's Representative: Michael Petrik & Rick Scardino - Lee & Associates
• Buyer's Representative: Adam Foret - CBRE
• Market: Lake Zurich
• Address: 884 South Rand Road
• Square Footage: 9,800
• Price per Square Foot: $119
• Note: Physical upgrades are underway to enhance the property's appeal to tenants.

Lee & Associates of Illinois facilitated the transaction, with Rick Scardino and Michael Petrik representing the seller, while Adam Foret of CBRE represented the buyer. The property, constructed in 1980, is currently undergoing improvements to attract both new and existing tenants.