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Wheaton Retail Trades to Institutional Buyer
Marcus & Millichap closed the sale of a 15-year Dunkin’ relocation-anchored shopping center, an 8,808-square foot retail property located in Wheaton, IL. The asset sold for $5,075,000.
Austin Weisenbeck and Sean R. Sharko, SVPs in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a developer. The buyer, a limited liability company, was secured and represented by Weisenbeck and Sharko.
The property is located at 2040 S. Naperville Rd. in Wheaton, IL, within a regional trade area. It’s a new-construction, four-tenant center that is 100% occupied. The property went from contract to close in 71 days, and sold for 96.7% of the list price to an institutional, out of state buyer, according to Marcus & Millichap.
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- ◦Sale/Acquisition

