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Hanley Makes Retail Pad Sale in Bourbonnais
Hanley Investment Group Real Estate Advisors completed the sale of a new-construction, 9,723-square-foot retail property at Bradley Commons, a Walmart Supercenter-anchored shopping center in Bourbonnais, IL. The sale price was $4,350,000.
EVPs Jeff Lefko and Bill Asher, in conjunction with ParaSell, Inc., represented the seller, Midland Atlantic Properties of Cincinnati. The buyer was a private investor from Des Moines, IA.
The four-tenant pad building includes Jersey Mike’s Subs with a drive-thru, Midwest Express Clinic, AT&T and uBreakiFix. The 1.29-acre property, which was built in 2018, still includes all of the original tenants.
“We generated multiple qualified offers through the Hanley Investment Group proprietary database and procured a private Midwest-based buyer that recognized the value of an internet-resistant tenant mix, despite the tertiary location,” said Lefko. “The Jersey Mike’s Subs rare end-cap drive-thru, along with the recent expansion and lease extension of Midwest Express Clinic, were key features to the investment.”
- ◦Sale
