Marcus & Millichap arranges .2 million sale of net-leased asset occupied by Rasmussen University in Romeoville – REJournals
Marcus & Millichap brokered the $6.2 million sale of 1400 West Normantown Road, a 25,000-square-foot net-leased property located in Romeoville, Ill...
Marcus & Millichap brokered the $6.2 million sale of 1400 West Normantown Road, a 25,000-square-foot net-leased property located in Romeoville, Illinois, near Chicago. The property is occupied by Rasmussen University, which was acquired by American Public Education in 2021. Peter Doughty, vice president investments in Marcus & Millichap's Chicago Downtown office, and Brent Holder, associate, exclusively marketed the property on behalf of the seller, a California-based private investor that had purchased the asset through a 1031 exchange and was selling to reallocate its equity into different property sectors.