Chicago, IL (June 20, 2019) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail building located at 5101-5149 South Cicero Avenue in Chicago, IL. The 19,289 square foot building is fully leased to a strong mix of national and regional tenants including: Dollar Tree, Boost Mobile, Cricket Wireless and more. The property sold for $2,950,000. The buyer is a private real estate investor based in Charlotte, NC. The seller was a prominent acquisition and development company based in Chicago. 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, two blocks from Midway Airport, at a low basis.” Mr. Firsel continued, “The property has excellent historical occupancy and the tenants continue to thrive. 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.