Quantum Real Estate Advisors, Inc. Brokers Sale of a CVS Pharmacy in Kansas City, MO

Chicago, IL (January 19, 2024) – Quantum Real Estate Advisors, Inc. has brokered the sale of a CVS Pharmacy in Kansas City, MO. The asset, which has 9 years of lease term remaining, sold for $2,190,000. The seller was a Midwest-based investor and the buyer was a Southeast-based investment firm. Quantum represented both parties in this transaction.

Nick Hilgendorf had the following comments regarding the transaction, “Our client, a predominately multi-tenant investor, was in an exchange and needed to close something quick. Rather than trading into a shopping center that they didn’t love, our client elected to trade into a single-tenant CVS, providing him with secure cash-flow for the foreseeable future. Additionally, we successfully assisted the seller throughout their loan defeasance process, so our client could acquire the asset free and clear.”

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.

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