Chicago, IL (January 6, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 12,000 square foot single-tenant retail building located at 9520 South Jeffrey Blvd in Chicago, IL. The property was sold for $905,000. The property is 100% occupied by Family Dollar. Family Dollar has leased the subject property since Q1 2000 and has recently extended their lease term by ten (10) years. The Seller was a family office based in the Chicagoland area. The buyer was a private real estate investor based in Chicago. Chad Firsel, President of Quantum Real Estate Advisors, Inc. was the sole broker in this transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer was able to acquire a very attractive property that has a significant amount of land with this 12,000 SF building.” He continues, “The Purchaser recognizes that not only has the tenant occupied the space for over 15 years, they realize that if they leave there is significant upside in the rental rate and/or a redevelopment of this in-fill high-barrier to entry location.”
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.