Chicago, IL (September 5, 2018) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant Hy-Vee gas station located at 3850 Elmore Avenue, Davenport, IA. The property sold for $855,000. The buyer was a private real estate investor based in Davenport, IA. The seller was a prominent acquisition and development company from southern California. Chad Firsel, President of Quantum Real Estate Advisors, Inc. represented the seller and the purchaser in the transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer was able to acquire a strategic corner location in the Davenport market, leased to Hy-Vee Gas.” Mr. Firsel continued, “The property has excellent curb appeal and excellent design and signage, plus it has been there for years with a very impressive sales history. We anticipate this tenant to stay for a very long time, however, if they leave there are other operators that can make money at this location with this use.”
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.