Chicago, IL (August 14, 2018) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant building located at 3040 Fulton Road, Cleveland, OH. The 7,489 square foot property sold for $1,620,125 and was leased to Dollar General at the time of sale. The buyer was an institutional investment firm out of Los Angeles. The seller was a national developer based in Birmingham, AL. Jack Farritor, Vice President of Quantum Real Estate Advisors, Inc., represented the seller in the transaction.
Mr. Farritor had the following comments regarding the transaction, “Quantum’s off-market outreach has been quite dynamic. Our team worked diligently to find a strong buyer for the developer. This asset was purchased before property construction finished. The buyer met their acquisition criteria, while the seller disposed of the asset with financial goals attained.”
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.