Chicago, IL (March 14, 2017) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant building located at 1414-1424 East Algonquin Road in Schaumburg, IL. The 9,949 square foot property sold for $2,333,000. The building sits at the high traffic intersection of Algonquin Road and Meacham Road. 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 newer retail center in the heart of a regional trade area.” Mr. Firsel continued, “The property has excellent curb appeal and excellent design, plus there is a lot of retail synergy with neighboring retailers. 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.