Chicago, IL (October 27th, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 14,091 square foot multi-tenant retail center located at 800 N. Edwards Boulevard in Lake Geneva, WI. The property was sold for $1,300,000. The property was 70% leased at the time of sale to Maurice’s, Sally Beauty and Mattress Firm. The Seller was a Minnesota-based owner. The buyer was a New York based fund. Chad Firsel, President of Quantum Real Estate Advisors, Inc. and Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. were the sole brokers in this transaction.
Mr. Firsel had the following comments regarding the transaction, “We were able to generate multiple offers on this asset, demonstrating continued demand for well-located, high quality value-add opportunities.”
Mr. Waszak added, “The Buyer was able to purchase this asset at an attractive price. They will be able to add significant value via lease-up of the remaining vacant spaces.”
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.