Build-to-Suit Retail Trades in Bensenville
Quantum Real Estate Advisors recently brokered the sale of a single-tenant retail building in Bensenville, IL. The 7,427-square-foot building was recently developed as a build-to-suit for O’Reilly Auto Parts and sold for just under $3 million.
The seller is a Chicago development company. The buyer is a national commercial real estate acquisition firm based in Houston. Chad Firsel, president of Quantum, represented both sides in the deal.
“With a new, 15-year lease and brand-new construction, this asset was highly desirable,” said Firsel. “The property is institutionally built and is the prototype that optimizes store performance for O’Reilly’s.”
He continued, “All of these advantages contribute to the property closing at 98% of asking price.”
- ◦Sale