Press Releases
Marcus & Millichap Arranges The Sale Of A Former Sam’s Club In Rolling Meadows, IL
January 12, 2023Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a 129,601-square foot Former Sam’s Club located in Rolling Meadows, IL, according to Steven Weinstock, regional manager of the firm’s Chicago Oakbrook office. The asset sold for $4,500,000.
Ashish Vakhariya, Seth Haron, and Darin Gross, investment specialists in Marcus & Millichap’s Detroit office facilitated the transaction on behalf of the seller. “The Former Sam’s Club is well positioned in a super-regional trade area, adjacent to a Walmart which offered an abundance of upside potential.” says Ashish Vakhariya, First Vice President Investments & Director, National Retail Group/Net Leased Properties Group. “The property sold to a seasoned developer who is planning on repositioning the asset.”
In the past twenty-four months, Ashish Vakhariya, Seth Haron, and Darin Gross have sold or have under contract to sell, $175.6 Million of retail and medical office investment properties throughout numerous states spanning the Midwest and beyond.
