Chicago, IL (October 20, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 11,500 square foot single-tenant retail building located at 4441 West Diversey Avenue in Chicago, IL. The property was sold for $1,000,000. The site totals 0.43 acres and includes an onsite surface parking lot. The property is 100% occupied by Unique Thrift Store. Unique Thrift Store is a subsidiary of Savers, Inc. 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 11,500 SF building.” He continues, “The Purchaser recognizes that not only has the tenant occupied the space for over 40 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.