Chicago, IL (February 25th, 2020) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant CVS located at 3910 Hardy Street in Hattiesburg, Mississippi. The property sold for $4,400,000. At the time of sale there were roughly two year remaining on the CVS lease. The buyer was a California based real estate investment fund. The seller was a trust based in the southeast. Dan Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc., represented the purchaser in the transaction.
Mr. Waszak had the following comments regarding the transaction, “The Seller was a trust looking to trade out of a short-term net-leased asset into a newer net-leased asset subject to a long-term lease.” Mr. Waszak continued, “We were able to find, on an off-market basis, a highly attractive price for the Seller with a Buyer that provided them a high probability of closing.”
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.