Chicago, IL (March 30, 2017) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant building located at 644 Sheridan Road in Winthrop Harbor, IL. The 8,043-square foot property sold for $855,000 or $106/SF. The property is 84% leased to national and local tenants: Subway, Harbor Food and Liquor, and Miles Family Dental. The buyer was a private real estate investor based in Chicago. The seller is a prominent property owner 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 retail center in the heart of a neighborhood trade area.” Mr. Firsel continued, “The property has excellent curb appeal and new tenancy. This property will provide solid cash flow for years to come.”
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.