Chicago, IL (June 25th, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant Memorial Health System property located at 4455 US-36, East Decatur, IL. The property sold for $3,295,414. Memorial Health Systems was subject to a long-term lease with roughly 10-years of term remaining. The seller was a Midwest-based real estate investor and developer. The buyer was a California-based fund. Dan Waszak, Executive Vice President of Quantum Real Estate Advisors, Inc. represented the seller in the transaction.
Mr. Waszak had the following comments regarding the transaction, “The seller has been slowly divesting of assets within their portfolio and this was a strategic decision to sell this asset with roughly 10-years left.” Mr. Waszak continues, “given the significant increase in demand for quality medical properties, they were able to achieve a very attractive cap rate on this property.”
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.