Chicago, IL (June 17th, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 14,409 square foot Walgreens in Wheaton, IL. The property sold for $11,631,068. Built in 2010, there were roughly 13 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, “this was one of the last properties in a multi-leg 1031 exchange. The buyer felt the strong location, strong sales, and strong tenant credit made this a high-quality, long-term investment.” Mr. Waszak continued, “high-quality real estate, such as this property, continues to be in demand. The age-old real estate adage of ‘location, location, location’ has never been more important than today. This property, in a high-income suburb of Chicago, is emblematic of that mindset.”
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.