**Marcus & Millichap Brokers Sale of Chicago Medical Office Property**
Marcus & Millichap has successfully closed the sale of a medical office property located at 2335 S. Michigan Ave. in Chicago, Illinois. The 12,000-square-foot property, fully leased to Shifrin Plastic Surgery Center, was sold for $5.1 million.
“This transaction highlighted the continuous demand for Midwest commercial real estate investments from out-of-state capital, as well as the strength of utilizing our platform to assist both buyers and sellers in achieving their long-term investment goals,” said Forest Bender, First Vice President of Investments, and Zach Rogers, Associate at Marcus & Millichap.
Bender, Rogers, Joseph DiSalvo, and Sam Curtis, investment specialists in the firm’s Indianapolis office, exclusively represented the seller and secured the buyer for the transaction. Steven Weinstock served as Marcus & Millichap’s broker of record in Illinois.
The property, situated in a prime downtown Chicago location along Michigan Avenue, serves as a link between the city’s cultural and business hubs. Originally built in 1906 and extensively renovated in 2018, the three-story medical office facility is leased under a newly signed 11-year absolute-net lease to a plastic surgeon.
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Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
