Chicago, IL (November 23rd, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant retail building in Fremont, MI. The 15,180 SF building is occupied by Huntington National Bank, one of the largest banks in the country. The absolute-net lease had over 9 years remaining on their current term at the time of sale. The property sold for the initial asking price of $1,620,000. The Seller, represented by President of Quantum, Chad M. Firsel, is an investor out of Chicago, IL. The Buyer was represented by Brian Brisky of Brisky Commercial, located in California.
Mr. Firsel had the following comments regarding the transaction, “This deal is a great example of the desirability of national bank deals which continue to generate significant interest, regardless of population surrounding the location.” Mr. Firsel continued, “Investors continue to show their interest in the single-tenant net-leased properties, especially those with a longer lease term. This goes to show the nationwide reach that Quantum continues to exude.”
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.