Chicago, IL (January 8, 2024) – Quantum Real Estate Advisors, Inc. has brokered the sale of a two-tenant center located at 5433-5437 West 95th Street in Oak Lawn, Illinois. The property, which sold for $2,100,000, recently underwent a full renovation, including new pylon signage. This urban in-fill site also featured 25 parking spaces, which is rare to find in such a dense market.
At the time of sale, the property was 100% leased to Chicago Title and Hassleless Mattress. The buyer was a 1031 investor based in California. The seller was a joint venture of affiliates of Core Acquisitions and T2 Capital Management. Chad Firsel, President & Brett Berlin, Vice President of Quantum Real Estate Advisors, Inc. represented the seller in the transaction.
Brett Berlin had the following comments regarding the transaction, “The sale of Oak Lawn is a testament to the strength of this retail market and corridor. We were able to secure an all-cash 1031 Buyer, who already owns in Chicago and is familiar with the market.” Chad Firsel, President of Quantum Real Estate Advisors, Inc. also had the following comments, “Chicago continues to attract coastal capital. With the cost of capital still high, investors from both coasts continue to invest in Chicago, where they can find attractive yields in one of the largest MSA’s in the country.”
Quantum Real Estate Advisors, Inc. (www.QREAdvisors.com) specializes in investment sales brokerage, assisting clients in the acquisition and disposition of commercial real estate. Quantum has the capacity through strategic alliances to offer full-service leasing brokerage, receivership, management, and financing.