Chicago, IL (June 1st, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant retail building in Snellville, GA. The 6,822 SF building was recently developed roughly four years ago as a build-to-suit for its current tenant, Aspen Dental. The Seller is a Chicago-based real estate investor. The Buyer a 1031 buyer based in Georgia. Chad Firsel, President of Quantum Real Estate Advisors, Inc., represented the Seller, while Daniel Waszak, Executive Vice President of Quantum Real Estate Advisors, Inc., represented the Buyer.
Mr. Firsel had the following comments regarding the transaction, “Single-tenant assets with medical tenancy continue to draw high demand from investors. Aspen Dental continued to thrive amidst the pandemic, and this location was no different. The combination of a long-term lease, major MSA location, and newer construction, we knew this wouldn’t be on the market very long.” Mr. Waszak added, “This was an incredibly unique deal. Aspen Dental was leasing the entire building while only occupying about ½ of the building. By subleasing the remaining portion of the building, Aspen is able to keep their occupancy costs to a minimum. This is a truly generational piece of real estate the buyer was able to put into their portfolio.”
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.