Chicago, IL (August 3, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail building located at 17030 S Torrence Avenue in Lansing, IL. The property was sold for $2,950,000. The property is anchored by a Dollar General and was roughly 75% leased at the time of sale. The Seller was a local real estate investor based in Schaumburg, Illinois. The buyer was a private real estate investor based in Milwaukee, WI. 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 the transaction.
Mr. Firsel had the following comments regarding the transaction, “The Buyer was able to acquire a value-add asset at an attractive price.” Mr. Waszak added “Strong leasing activity in the market means the Buyer will be able to create additional value quickly.”
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.