February 2, 2017— Quantum Real Estate Advisors, Inc. has brokered the sale of a 11,807 square foot multi-tenant retail center located at 1480 North Orchard Road in Aurora, IL. The property was sold for $5,225,000. The sale includes a 11,807 square foot building that is 100% occupied by a mix of national and local tenants: Starbucks, Jimmy John’s, Red Wing Shoes, Chipotle, Smile More Dental, Papa Saverio’s, The Joint, and Deluxe Nails. The buyer was a private real estate investor based in northern suburbs of Chicago who was executing a 1031 Starker Exchange. The seller was a Chicago based investment group. Chad Firsel, 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 synergistic location being next to many other national tenants.” Mr. Firsel continued, “The property benefitted for multiple lease extensions and strong retailer performance. The property has excellent curb appeal, access and visibility.”