Quantum Real Estate Advisors, Inc. Brokers a Sale of a Multi-Tenant Building in Belvidere, Illinois

Chicago, IL (December 21st, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant building located at 2274-2298 Gateway Center Drive in Belvidere, IL. The property sold for $1,923,500. At the time of sale, the property was occupied by Aaron’s Rent, Dotty’s, and Subway. The buyer is a private real estate investor based in Iowa. The seller is a local private real estate investor. Jason Lenhoff, Executive Vice President of Quantum, represented the seller in the transaction.

Mr. Lenhoff had the following comments regarding the transaction, “This asset was a highly desirable property given that it is an outlot to Walmart.  We had over 250 investors review this deal, showing a high level of confidence in multi-tenant brick and mortar locations.” Lenhoff continued, “In addition to the Walmart anchor, this property is just off the main highway and is a mile east of the Chrysler plant, which has over 4,000 daytime employees.”

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.

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