Chicago, IL (August 26, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 2,042 square foot single-tenant retail building located at 102 East Irving Park in Itasca, IL. The property was sold for $765,000. The building is 100% leased to Starbucks. The Seller was a pension fund from Dallas, TX. The buyer was a private real estate investor based in San Diego, CA. Chad Firsel, President of Quantum Real Estate Advisors, Inc. was the sole broker in this transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer was able to get a well-performing single-tenant net-leased Starbucks property across from a Metra train station for a very reasonable price.” Firsel continues, “The tenant recently renewed their primary lease term three years prior to their expected expiration. Ultimately, this was a great acquisition for this buyer as they understood the strong location of this property.”
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.