Chicago, IL (April 21st, 2020) – Quantu
m Real Estate Advisors, Inc. has brokered the sale of a single-tenant industrial building located at 2401 Gardner Road, Broadview, IL. The 20,000 square foot industrial building was acquired in a short sale for $38/SF. Both buyer and seller are owner/users located in Chicago, IL.
Mr. Caplan who represented the buyer had the following comments regarding the transaction, Deals are still getting done and financial institutions are still lending on well located industrial assets. The buyer was able to acquire this deal at below market levels and obtain a 6b classification.” Mr. Caplan added, “During the COVID-19 Pandemic, it’s all about patience and leveraging your relationships to get deals closed.”
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.