Marcus & Millichap arranged the sale of a pawn shop located on Chicago’s Northwest Side. The purchase price was not disclosed.
Nicholas Kanich, First Vice President of Investments in the Net Lease Properties Division at Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of a local partnership seller. A Houston-based limited liability company buyer was secured and represented by a cooperating broker from within their database.
The pawn shop is situated at 5454 W Belmont Ave., along an established retail corridor 8 miles away from downtown Loop area in Chicago city center.
“We received multiple offers for this asset and closed early with no landlord concessions,” said Kanich.”The transaction went from contract to close in 44 days without any issues.”
Marcus & Millichap successfully concluded the sale of EZPAWN located on Chicago’s Northwest Side with undisclosed purchase price terms between parties involved; Nicholas Kanich, First Vice President (VP) Investments – Net Lease Properties Division at Marcus & Milluchip’s Downtown Office representing seller – local partnership based out of Chicagoland area while buyer – Houston based LLC – had representation through cooperating broker sourced within team database . Property is situated along prominent retail corridor 8 miles away from city centre Loop district (5454 W Belmont Ave). Multiple offers were received for this asset which resulted into early closure without any landlord concessions; entire process took 44 days to complete smoothly as per VP’s statement .
