Chicago, IL (January 22, 2018) – Quantum Real Estate Advisors, Inc. has brokered the sale of a new construction dual-tenant building located at 1454-1462 South Randall Road in Algonquin, IL. The 7,500 square foot property sold for $4,100,000 and was leased to tenants AT&T and Aspen Dental at the time of sale. The buyer was a private real estate investor based in San Diego, CA. The seller is a prominent development company from the Chicagoland area. Chad Firsel, President of Quantum Real Estate Advisors, Inc. represented the seller in the transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer was able to acquire a new retail center in the heart of a regional trade area.” Mr. Firsel continued, “The property has excellent curb appeal and excellent design, plus both Aspen Dental and AT&T executed long-term leases at this property. AT&T was relocated from the corner to this interior outlot, which shows the demand for additional space and a commitment to this trade area.”
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.