Chicago, IL (March 5, 2019) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail building located at 28341-28361 Diehl Road in Warrenville, IL. The roughly 18,000 square foot property sold for $5,367,000. At the time of the sale, the property was 93% leased to national and regional tenants including: Starbucks, Potbelly, T-Mobile, Spotted Paw and Jazza Nails. The buyer was a Chicago based private investor in a 1031 exchange. The seller was a Chicago based investment group. Chad Firsel, President of Quantum Real Estate Advisors, Inc. and Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the seller and purchaser in the transaction.
The selling broker, Mr. Firsel said, “The Seller bought this property with high-vacancy and were able to, in very short-order, lease it up. That speaks to the quality of this location and market” Mr. Waszak added, “The Buyer was able to acquire as part of a larger 1031 exchange. He was attracted to the long-term leases and ‘internet-resistant’ tenant line up.”
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.