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Pep Boys-Anchored Retail Trades in Humboldt Park
Marcus & Millichap closed on the sale of Pep Boys Anchored Center | Urban Infill Location, a 15,022-square-foot retail property at 4435 W. Grand Ave. in the West Side’s Humboldt Park neighborhood. The property traded for $2,275,000.
First VP Adrian Mendoza and SVPs Austin Weisenbeck and Sean R. Sharko of Marcus & Millichap’s Chicago Oak Brook office marketed the property on behalf of the seller, a fund manager. The buyer, a limited liability company, was secured and represented by Moe Derbala-Khalifa, an investment specialist in Marcus & Millichap’s Tampa office.
Along with being anchored by Pep Boys, the center is 100% occupied by a mix of national and local tenants, and all tenants are operating under net leases with management fee reimbursement. Marcus & Millichap says it’s a highly visible site with three points of full access in a densely populated area.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
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