Chicago, IL (June 16th, 2020) – Quantum Real Estate Advisors, Inc. has just completed the sale of a freestanding 15,120 square foot Walgreens located at 1701 N Buffalo Grove Rd., Buffalo Grove, IL. The property sold for $4,527,000. Walgreens has occupied the property since 2000 and recently exercised their first of eight 5-year extensions. The Seller was a local Chicago investment group. The buyer specializes in acquiring and developing net lease properties across the country, they are based in Miami, FL. Both Chad M. Firsel, President and Zack Hilgendorf, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the seller in the transaction.
The selling broker, Mr. Zack Hilgendorf said, “Demand for Pharmacy deals at a proven site with strong sales still remain strong; and, this deal was just another example of this trend.” Hilgendorf continues, “Considering the pandemic and the essential retailer that Walgreen’s is just reassured the market that this company and concept are critical in the American retailing society.”
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.