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Arlington Heights Flex Industrial Sells After One Day on Market
Marcus & Millichap closed the sale of 545 E. Algonquin Rd., a 111,667-square-foot flex industrial property in Arlington Heights, IL. The property sold for $13 million.
“This opportunity was on market for just one day and traded at full list price, showing the high demand for well-located flex industrial assets in the Chicagoland area,” said Peter Doughty, first VP investments. “The property not only provides the buyer with immediate stable returns but also with future upside potential through targeted tenant improvements. We continue to see strong investor interest in industrial and flex properties across the region, especially those offering scale, location, and quality tenancy.”
Doughty, investment specialist in Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of the seller, a private investor.
Built in 1990, the property is fully leased to two long-term tenants, Intertek Testing Services and GigeNET.
- ◦Sale/Acquisition


