Chicago, IL (June 13th, 2018) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant Walgreens located in West Lafayette, Indiana. The subject property was built in 2001 and sold for $7,559,000. At the time of sale, Walgreens signed a Lease extension, bringing the remaining Lease term to roughly 13.5 years. The buyer was a California based investment fund. The seller was a real estate developer based in central Illinois. Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the Seller in the transaction.
Mr. Waszak had the following comments regarding the transaction, “The Seller was able to create significant value for himself with the Lease extension. He was able to monetize this asset via sale and reinvest in new projects.” Mr. Waszak continued, “while this transaction did have some challenges, all parties worked diligently together to get this transaction closed.”
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.