Chicago, IL (March 8, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a roughly 3,805 square foot, single tenant building located at 1186 Roosevelt Rd. in Glen Ellyn, IL. The property sold for $1,050,000. The buyer is a national developer who will be retrofitting the building for a new medical user. The seller was the former operator of the practice and is looking to capitalize on the current market. Seth Gilford, Vice President of Quantum Real Estate Advisors, Inc., represented the seller in the transaction.
Mr. Gilford had the following comments regarding the transaction, “This deal presented an ideal opportunity for the buyer to enter an affluent suburb of Chicago. The buyer currently has a large appetite for acquiring vacant buildings and the metrics of the deal were in line with their specific criteria.” Mr. Gilford continued, “The buyer is an active developer with a strong track record of redeveloping similar properties into high-quality medical uses.”
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.