Chicago, IL (February 16th, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 7,000 square foot single-tenant Advance Auto Parts located at 1000 E Main Street in Cherryville, NC. The property was sold for $735,000. The property featured a recently extended lease, with roughly 10-years remaining. The Seller was a North Carolina based investor. The Buyer was a private individual based in South Carolina. Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the Seller in this transaction.
Mr. Waszak had the following comments regarding the transaction, “The Seller was able to sell the property and capitalize on the value he created by getting Advance Auto to extend on a longterm basis. We were able to generate multiple offers on this asset, further evidencing the demand for high-quality net-leased assets.”
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.