Chicago, IL (December 2, 2019) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant medical office building located at 1310 Lebanon Street, Lebanon, IN. The property sold for $7,700,000 and was subject to a long-term lease with American Health Network. Newly constructed in 2019, the roughly 20,000 square foot property was built featuring high-end finishes and state-of-the-art medical equipment. The buyer was a Midwest based medical office REIT and the seller was a Midwest based developer. Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the seller in the off-market transaction.
The selling broker, Mr. Waszak said, “Medical office properties are becoming a hot commodity right now. This was evidenced by the multiple offers we were able to generate” Mr. Waszak added, “This was a very beneficial transaction for both parties as the buyer is aggressively looking for additional medical office properties and the Seller is breaking ground on several new projects as well.”
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.