Chicago, IL (March 3, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant office building located at 3300 South Oak Park Avenue in Berwyn, IL. The freestanding 5,990 square foot building was 100% occupied by Vanguard Healthy Systems, a wholly owned subsidiary of Tenet Healthcare (NYSE: THC). The property was sold for $945,000. The Seller was a real estate fund based in Pennsylvania. The buyer was a private real estate investor based in Scottsdale, AZ. Chad Firsel, President of Quantum Real Estate Advisors, Inc. was the sole broker in the transaction.
Mr. Firsel had the following comments regarding the transaction, “We were able to overcome several obstacles, including an older building and a shorter-term lease.” Mr. Firsel adds, “Ultimately, the buyer saw that the facility provided critical operations for the hospital across the street and the rent to replace the tenant, should they leave, was achievable.”
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.