July 14, 2016— Quantum Real Estate Advisors, Inc. has brokered the sale of a 23,186 square foot multi-tenant retail center located at 7101-7123 W North Avenue in Oak Park, IL. The property was sold for $6,790,000. The site is 87% occupied by national and local tenants including: Dunkin’ Donuts, Pizza Hut, and The UPS Store. The buyer was a private real estate investor based in Beverly Hills, CA. The seller was a Chicago based investment group. Chad Firsel, President of Quantum Real Estate Advisors, Inc. and Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the Seller.
“Mr. Firsel had the following comments regarding the transaction, “The buyer was able to acquire a very attractive property that has a nice stable mix of national and regional tenants, located at one of the busiest intersections in the Chicagoland area.” Mr. Waszak continued, “There were some challenges associated with this deal, but all parties involved worked diligently to find solutions and ultimately close the transaction.”