Dunn-Edwards Paints property in Peoria sells for $3.15 million
Posted 11/16/23
Commercial real estate brokerage firm Marcus & Millichap announced the $3.15 million sale of Dunn-Edwards Paints, a 12,900-square-foot net-leased property located in Peoria.
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real estate
Dunn-Edwards Paints property in Peoria sells for $3.15 million
Marcus & Millichap
Commercial real estate brokerage firm Marcus & Millichap announced the $3.15 million sale of Dunn-Edwards Paints, 9156 W. Peoria Ave.
Posted
Commercial real estate brokerage firm Marcus & Millichap announced the $3.15 million sale of Dunn-Edwards Paints, a 12,900-square-foot net-leased property located in Peoria.
The Dunn-Edwards is located at 9156 W. Peoria Ave.
Investment specialists Nick Christifulli, Mark Ruble and Chris Lind had the exclusive listing to market the property on behalf of the seller, a private investor.
The sale included a triple-net lease with corporate guarantee and 8% rental increases every five years.
The tenant has operated at the site for more than 20 years and recently extended their lease.
