Chicago, IL (June 9th, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of an 8,780 square foot multi-tenant shopping center located at 1463 Capitol Drive in Pewaukee Wisconsin. Commonly known as Maplenut Plaza. The property sold for $3,400,000. Built in the mid-2000s, the property featured institutional quality construction and attractive aesthetics. At the time of sale, the property was fully occupied by Mattress Firm, Wells Fargo Verizon and Tropical Smoothie Café. The buyer was a private, 1031 exchange investor based in Minnesota. The seller was a private fund based in Massachusetts. Daniel Waszak, Executive Vice President of Quantum Real Estate Advisors, Inc. represented the seller in the transaction.
Mr. Waszak had the following comments regarding the transaction, “Maplenut Plaza is a prime example of the continued demand for well-located retail properties. Within a short time of bringing this property to market, we generated multiple offers and were able to transact at 99.3% of asking price.” He continued, “the high-quality tenancy, coupled with the high-quality location is what dream investor demand to this asset. We do not anticipate this demand easing anytime soon.”
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.