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Adelphia Properties has set another National Record Sale in the sale of a NNN single-tenant Joe’s Crab Shack Restaurant, located at 2000 E Golf Rd, Schaumburg in IL. The property sold for $4,200,000 at a 6.5% Cap Rate, making it the lowest Joes Crab Shack Investment Deal to Sale in the Nation to date. The Investment Deal went Under Contract in Under 30 Days at Full Price!!! Joe’s Crab Shack Restaurant is the sole occupant of the 7,500 square foot freestanding building, which was developed in 1994. Adelphia Properties’ George Spirrison, CCIM & Simeon Spirrison, CCIM represented the seller, a private group.
PRESS RELEASE: JUST CLOSED: Joe's Crab Shack | Schaumburg, IL | NNN Deal
JUST CLOSED | 5,000 SF Freestanding Building | Downers Grove, IL | All Cash Buyer
Adelphia Properties’ Simeon Spirrison, CCIM & George Spirrison, CCIM completed the sale of the Former Play It Again Sports Building which consisted of a 5,000 SF Freestanding Building located at 1628 Ogden Ave in Downers Grove, IL. The Property Sold at full List Price!!! George Spirrison, CCIM & Simeon Spirrison, CCIM represented the Seller, a private Investor and the Buyer was a Cash User/Investor.
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