Stability in Skokie
The property at 8801 Skokie Boulevard had been owned by the same family for over 50 years. Firestone has also been in operation at this corner for the same time period and recently they extended their lease, showing continued commitment to the site.
Interra broker Colin O’Malley exclusively marketed the asset. Paul Waterloo, also of Interra, represented a local 1031 buyer. At time of sale, the property had 7 years remaining on the lease, and closed for $3,717,500 at a 6.42% cap rate.