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Marcus & Millichap Arranges The Sale Of A 2,720-Square Foot Net-Leased Property

October 08, 2021

ELMHURST, IL, October 8, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of Arby's Restaurant, a 2,720-square foot net-leased property located in Elmhurst, IL, according to Joe Powers, regional manager of the firm’s Chicago Downtown office. There were over seven competitive offers which resulted in the property selling $60,000 over list price.

Brian Parmacek, an investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Arby's Restaurant is located at 340 North York St. in Elmhurst, IL. The asset had three-plus years remaining on the lease with one percent annual rent increases.

 

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

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