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Sauganash Whole Foods Goes to California Family Trust
Northmarq investment sales broker Isaiah Harf completed the sale of a Whole Foods Market located at 6020 N. Cicero Av. in the Sauganash neighborhood of Chicago’s North Side. The 41,148-square-foot grocery store is situated on the first floor of a vertical condominium development.
Harf represented the seller, a private investor based in Maryland. A family trust based in Denair, CA acquired the property for approximately $18.1 million.
“Despite the challenging headwinds of interest rates rising nearly 300 basis points during the transaction, this premier asset received multiple offers and went under contract quickly,” said Harf. “The purchaser is excited about their future long-term ownership of this property and its uniqueness in the immediate marketplace, offering full underground parking and being located directly off the expressway. Not only were the sales at this location above average, but Amazon/Whole Foods had already renewed once prior.”
- ◦Sale/Acquisition
