Chicago, IL (February 1, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail center, Saraland Shops, located at 1402 Industrial Parkway, Saraland, AL. The 6,700 square foot property sold for $4,180,000. The property is 100% leased to a mix of national and local tenants: Starbucks, T-Mobile, and Firehouse Subs. The property is in the heart of the major retail corridor of Saraland, AL just outside Mobile. The buyer was Nashville based investor that was in a 1031 exchange. The seller was a Southeast-based developer that focuses on single and multi-tenant retail development across the country. Zack Hilgendorf, Executive Vice President of Quantum Real Estate Advisors, Inc. represented the buyer in the transaction.
The buying broker, Mr. Zack Hilgendorf said, “Demand for well-located strip centers with a strong tenant mix still remain very desirable and this deal was just another example of that.”
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.