​[[{“value”:”Irving Park Multi-Tenant Retail Center Changes Ownership

Greenstone Partners has announced the successful sale of a multi-tenant retail center located at 3951 N. Kimball Avenue in the heart of Chicago’s Irving Park neighborhood. The property was sold for $1.265 million.

The nearly 5,000-square-foot retail center boasts high visibility and accessibility, featuring a 10-space parking lot and dual ingress/egress from both Irving Park Road and Kimball Avenue. At the time of the sale, the asset was fully leased to three tenants: Jet’s Pizza, CM Chicken, and One Stop Shop.

Each of the tenants is secured under triple-net lease agreements, with multiple years remaining on their current terms along with option periods for lease renewal.

Malek Abdulsamad, Director at Greenstone Partners, exclusively represented the purchaser in this transaction.

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