Marcus & Millichap has successfully completed the sale of a 7,466-square-foot net-leased medical property located at 6918 W. Archer Avenue in Chicago, Illinois. The property was acquired by a California-based private investor and was exclusively marketed by senior managing directors Austin Weisenbeck and Sean Sharko, along with associate Daniel Chumbley from Marcus & Millichap’s Chicago Oak Brook office.
The newly renovated building features a new roof, exterior updates, and significant interior renovations for its tenant Oak Street Health. The healthcare company recently signed a new 20-year triple-net lease and is expanding into four additional states on top of its current presence in 21 states. Earlier this year, CVS purchased Oak Street Health for $10.6 billion.
This recent transaction showcases the continued strength of the commercial real estate market in Chicago as well as nationwide interest from investors seeking high-quality properties with long-term tenants like Oak Street Health.
