Otober 12, 2016— Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant, street level retail property located at 2-18 South Dunton Avenue in Arlington Heights, IL. The property was sold for $1,350,000 and was 100% occupied at the time of sale.
Built in 2006, the +/-8,195 square feet of street level retail is part of a larger 55-unit condo building. The buyer was an international real estate investment fund. The seller was a Chicago based investment group. Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the Seller in the transaction.
Mr. Waszak had the following comments regarding the transaction, “The buyer was able to acquire a high quality asset in a very well established suburban Chicago location.” Mr. Waszak continued, “The Seller acquired the asset from a bank and in a very short time frame were able to take occupancy to 100%. This transaction shows the continued demand for well-located, well-leased assets in the Midwest markets.”