Chicago, IL (January 7th, 2020) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single tenant Fresenius located at 4101 W. Pioneer Pkwy. in West Valley City, a suburb of Salt Lake City, UT. The property sold for $6,250,000. At the time of sale, the property was 100% occupied by Fresenius Medical Care, a dialysis center. The buyer was a private real estate investor based in Colorado. The seller is a private investor from New York City, NY. Dan Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc., and Jason Lenhoff, Vice President of Quantum Real Estate Advisors, Inc., represented the seller in the transaction.
Mr. Waszak had the following comments regarding the transaction, “The buyer was able to acquire a well-located property leased to a very strong tenant.” Waszak continued, “The long-term lease and attractive annual increases were a major selling point for the buyer.” Mr. Lenhoff added, “This is the fourth single-tenant medical office transaction we’ve closed in the last sixty days, showing a continued increase in demand for net leased medical assets.”
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.