Chicago, IL (November 13, 2018) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail building located at 5878-5991 Central Street, Portage, IN. The property sold for $1,235,000. At the time of sale, the property was leased to a mix of national and local tenants including: Ace Hardware, The Paint Studio, and Village Carpet & Tile. The buyer was a private real estate investor based in the Chicagoland area. The seller was a prominent acquisition and development company from the Chicagoland area as well. Chad Firsel, President of Quantum Real Estate Advisors, Inc. represented the seller and purchaser in the transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer was able to acquire a strategic location within one of the prime corners within the sub-market at a low basis.” Mr. Firsel continued, “The property has excellent historical occupancy and the tenants continue to thrive. Along with new long-term extensions and great visibility and accessibility this center is sure to be a solid investment for years to come.”
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.