Chicago, IL (October 18, 2018) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 13,729 square foot, 2-story multi-tenant office building located 635 Court Street in Clearwater, FL. The property was 78% occupied with a nice mix of professional service-based tenants as it’s in close proximity to the Pinellas County Court House. The property closed at $1,200,000. The buyer was a local Florida based investor. The seller was a publicly listed corporation based out of Arkansas. Jason L Caplan, Senior Vice President of Quantum Real Estate Advisors, Inc. represented both parties in the transaction.
Mr. Caplan had the following comments regarding the transaction, “Given the great location and excellent condition of the property, the Seller was able to sell at an aggressive CAP Rate.” Mr. Caplan added “With the influx of corporations migrating into the Tampa area and the limited availability of quality assets, makes a great market for owners of quality 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.