Chicago, IL (June 15th, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 14,820-square-foot Walgreens in Lakeville, MA. The property sold for $8,252,427. Built in 2006, there were roughly 10 years remaining on the original 25-year Walgreens lease. The buyer was a private, 1031 exchange investor based in New York. The seller was a Midwest-based Real Estate Investment Trust. Daniel Waszak, Executive Vice President of Quantum Real Estate Advisors, Inc. represented the buyer in the transaction.
Mr. Waszak had the following comments regarding the transaction, “strong sales and the proximity of the purchaser to the property were the drivers behind this acquisition. The purchaser was able to get comfortable that Walgreens was performing well here along with quality underlying real estate.” Mr. Waszak continued, “this repeat 1031 buyer was looking for another high-quality property to anchor his portfolio. He is very happy with this acquisition and feels he has accomplished his goals.”
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.