Chicago, IL (March 16, 2020) – Quantum Real Estate Advisors, Inc. has brokered the sale of a dual tenant building located at 710 Franklin Street in Michigan City, IN. The property sold for $1,575,000. The property was fully leased at the time of sale to CVS and a strong local health provider, Healthlinc. The buyer was a private real estate investor based in California. The seller is a not for profit real estate investment fund based in Chicago. Chad Firsel, President of Quantum Real Estate Advisors, Inc. and Jason Lenhoff, Vice President of Quantum Real Estate Advisors, Inc., represented the seller in the transaction.
Mr. Lenhoff had the following comments regarding the transaction, “We were able to attract significant interest, and source numerous offers for this property.” Mr. Lenhoff continued, “The property is a very unique and attractive building settled near the Blue Chip Casino & Resort, the Lighthouse Place Premium Outlets, and the Indiana Dunes State Park, which attracts ample tourists during the summer months for vacation. This property sits right in the middle of the quaint downtown district, which is experiencing a beautiful regentrification.”
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.
