December 20, 2016 – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail property located at 2061 M-139 in Benton Harbor, MI. Located in front of a Target-anchored shopping center, the property is 6,059 and features high-quality, all-brick construction. The property sold for $1,250,000 and featured national and regional tenants: GameStop, Joost Vapor, Batteries Plus and Allied Cash Advanced. The seller was an investment and development group based in Michigan. The buyer was a California based 1031-exchange buyer. Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the Buyer in the transaction.
Mr. Waszak had the following comments regarding the transaction, “The sale of this asset allowed the seller to reinvest in other opportunities.” Mr. Waszak continued, “The buyer was able to acquire a high-quality asset at an attractive yield to round out his larger exchange.”