Chicago, IL (February 25, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant strip center located at 320 State Hwy 13., in Wisconsin Dells, WI. The property was sold to a California-based buyer for $4,375,000. The center is anchored by Starbucks and Applebee’s who have been both in the center for over 15-years. The seller was a Midwest investor looking to reallocate capital with his portfolio. The Seller, represented by Zack Hilgendorf, Executive Vice President of Quantum Real Estate Advisors, Inc., represented the seller in this transaction.
Mr. Hilgendorf had the following comments regarding the transaction, “The buyer was looking to put some excess cash to work in a high-quality asset with the intention of holding long-term. The buyer was able to acquire a well-built property located in the center of the regional trade area.” Mr. Hilgendorf continued, “This was a strategic disposition for the Seller as he reallocates capital within his portfolio. We were able to achieve excellent pricing for him and allow him to focus on projects closer to home.”
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.