Tesla Sales/Service Center,
1200 Old Skokie Valley Road, Highland Park, IL |
CHICAGO, IL – B+E, the first brokerage and technology platform for net lease real estate, announced the sale of the Tesla Sales/Service Center property at 1200 Old Skokie Valley Road, Highland Park, IL for $8,750,000.
The buyer worked with B+E to find the off market property using 1031Trade, B+E’s new trading platform for 1031 exchange buyers.
The net lease retail property carries a cap rate of +/-6.8% with 5+ years of remaining lease term. The buyer, Kam Development was completing a 1031 exchange.
The net lease retail property carries a cap rate of +/-6.8% with 5+ years of remaining lease term. The buyer, Kam Development was completing a 1031 exchange.
 |
| Spencer Henderson |
"B+E’s online platform used AI to sweep the national market and find an off market net lease property that matched our buyer’s criteria," said Spencer Henderson, a B+E broker.
“Using 1031 Trade, buyers can quickly see nearly every deal currently on and off the net lease market and immediately place offers.”
“Using 1031 Trade, buyers can quickly see nearly every deal currently on and off the net lease market and immediately place offers.”
Contact:
John Vita
John Steven Vita Communications
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