Chicago, IL (September 12, 2017) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant CVS. The property measures 13,250 SF and sold for $6,258,258. CVS signed an original 25-year lease in 2010. The seller was a private investor. The buyer was a New York City based 1031-exchange buyer. Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the Buyer in the transaction.
Mr. Waszak had the following comments regarding the transaction, “This acquisition was part of a much larger 1031 exchange need this buyer had. It is an excellent fit into their portfolio and will provide reliable cashflow for them.” Mr. Waszak added, “This transaction shows the continued robustness of the 1031 exchange market.”
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.