Chicago, IL (December 15th, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail shopping center located at 5698-5710 W. 111th St in Chicago Ridge, Illinois. The property sold for $630,000. At the time of sale, the property was 100% occupied by local tenants that have occupied the premises on a long-term basis. The buyer is a private real estate investor from Chicago. The seller is also a private real estate investor from Chicago. Chad Firsel and Jason Lenhoff represented the seller in the transaction.
Mr. Lenhoff had the following comments regarding the transaction, “Oak Ridge Plaza is a perfect acquisition for this buyer. It has tenants that have occupied the premises on a long-term basis, proving the longevity of the property.” Lenhoff continued, “While financing in today’s market climate has been difficult, we were able to aid the buyer in financing this transaction with a local bank that was thrilled to provide this loan.”
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.