Chicago, IL (April 8, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant building located at 3950 147th Street in Midlothian, IL. The property sold for $610,000. At the time of sale, the property was vacant. The buyer is a private real estate investor based locally in Chicago. The seller is a Miami, Florida-based real estate investment and development company. Jason Lenhoff, Executive Vice President of Quantum, represented the seller in the transaction.
Mr. Lenhoff had the following comments regarding the transaction, “We were faced with many challenges on this deal, mostly a deed restriction that required a lot of negotiations. Ultimately, we were successful in a release of this deed, allowing us to close on this transaction. The investor was seeking an opportunity to acquire a free-standing building on a hard corner for redevelopment purposes. This property is located at a great intersection in a densely populated market.” Lenhoff continued, “The property shall continue to serve the community for many more years to come.”
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.