Chicago, IL (February 24th, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant veterinary building in Simonton, TX. The 2,395 SF building is occupied by Destination Pet, a national provider of veterinary services. The property sold for over the initial asking price. The Seller is a Chicago-based developer with assets across the United States. The buyer was an individual investor in a 1031 exchange based out of New York. Chad Firsel, President of Quantum Real Estate Advisor, Inc. and Seth Gilford, Vice President of Quantum Real Estate Advisors, Inc. represented the seller and Mauricio Olaiz, Associate of Lee & Associates represented the buyer.
Mr. Firsel had the following comments regarding the transaction, “The vet space continues to drive demand like we have never seen before. The combination of a long-term lease and a private-equity group behind this corporation and its growth made this asset extremely desirable.” Mr. Firsel continued, “Buyers are continuing to show their preference for acquiring property in income tax-free states and it proved true with this asset. This goes to show the reach that we have at Quantum.”
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.