Chicago, IL (December 17, 2018) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail center located at 3510-3540 Calumet Avenue in Valparaiso, IN. The property sold for $3,600,000. At the time of sale, the property was 100% occupied by both national and local tenants, including: Verizon Wireless, Ossip Opitcal, El Salto, Board & Brush, State Farm, Beggars Pizza and more. The buyer was a private real estate investor based in the Chicagoland area. The seller was a prominent acquisition and development company from Northwest Indiana. 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.