Chicago, IL (May 26th, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant building located at 60-80 East Belvidere Road in Hainesville, IL. The property sold for $2,100,000. At the time of sale, the property was occupied by Starbucks, Chicago’s Red Hots, Luxe Salon, and Lakemoor Dental. The buyer is a private real estate investor based in Wisconsin. 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, “Starbucks and Lakemoor Dental both signed brand new 10-year leases, showing a long term commitment to the site, which made this transaction highly desirable for the buyer.” Lenhoff continued, “The property has excellent visibility and traffic volumes, along with cross access to the adjacent Walgreens. Hainesville is an established community that continues to grow and expand. In addition to the value add of the shopping center, there is a .75 acre pad of land that is primed for development. All of these factors aided the buyer’s decision to close this transaction.”
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.
