Chicago, IL (September 29, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 9,000 square foot multi-tenant retail building located at 7310 Walton Street in Rockford, IL. The property was sold for $2,735,000. The property was 78% leased at the time to Aspen Dental and Sleep Number. The Seller was a real estate investor based in Illinois. The buyer was a Texas 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, “The buyer was able to get a value-add deal at an attractive price. Given the Buyer’s extensive pool of tenant relationships, I am confident they will lease up the vacant space very quickly.”
Mr. Waszak added, “There were several hurdle to overcome in this transaction. Ultimately all parties were able to work through the challenges and get to a successful closing.” He continued, “This is a great acquisition for the buyer, located in front of a Super Wal-Mart on the main retail thoroughfare in Rockford.”
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.