The investment manager has determined that the current market may provide an opportunity to sell Mokena Corridors, a Series 2 Investment, at an attractive price.
The property is now 91% leased with the Wybourn Law Firm 1,500 square foot lease. There has been an increased level of interest in the remaining 4,500 square feet of the building.
Based upon the brokerage firms’ range of sale prices, Mokena Corridors could sell for at least the $8 million projected sale price provided at the time of acquisition. A sale closing date was initially projected December 2016; a real estate manager has been retained to market the property.
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