Chicago, IL (December 6th, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant Sherwin Williams in Fort Wayne, IN. The 3,500 SF building is occupied by Sherwin Williams. The asset was newly constructed in 2022 and had 10 years remaining on the lease at the time of sale. The Seller, Core Acquisitions LL, is an experienced Chicago-based developer with assets across the United States. The buyer was an out-of-state buyer looking for a long-term investment opportunity so that he could effectuate a 1031 Starker Exchange. Chad Firsel, President of Quantum Real Estate Advisor, Inc. and Seth Gilford, Vice President of Quantum Real Estate Advisors, Inc. represented the seller.
Mr. Firsel had the following comments regarding the transaction, “This was a difficult transaction to get done amidst the soaring interest rate environment.” Mr. Firsel continued, “Buyers continued to show that in times of uncertainty they prefer credit tenants on long-term leases to mitigate risk. This goes to show the reach that Quantum has. Our national reach allowed us to curate an out-of-state buyer for this net-leased deal!”
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.