June 21, 2017— Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant building located at 1790 Scenic Highway/SR 124 in Snellville, GA. The 6,822-square foot property sold for $2,900,000. The property is leased to Aspen Dental on a new twenty-year ground lease. The seller is a prominent property owner and developer based in Atlanta, GA. The purchaser was a Chicago-based real estate investor in a 1031-exchange.
Chad Firsel, President and Daniel Waszak, Senior Vice President both of Quantum Real Estate Advisors, Inc. represented the purchaser in the transaction. Mr. Firsel had the following comments regarding the transaction,
“THE BUYER WAS ABLE TO ACQUIRE A RETAIL CENTER IN THE HEART OF A REGIONAL TRADE AREA.” MR. FIRSEL CONTINUED, “THE PROPERTY HAS EXCELLENT CURB APPEAL AND EXCELLENT DESIGN AND IS ON ‘THE’ CORNER WITHIN THE SUBMARKET. THIS PROPERTY WILL PROVIDE SOLID CASH FLOW FOR YEARS TO COME.” MR. WASZAK ADDED, “THE TENANT SHOWED AN ALMOST UNPRECEDENTED DESIRE TO BE IN THIS LOCATION BY SIGNING A LONG-TERM GROUND LEASE. THIS TENANT COMMITMENT TO THE SITE IS WHAT DREW OUR BUYER TO THE PROPERTY.”