Chicago, IL (October 13, 2023) – Quantum Real Estate Advisors, Inc. has brokered the sale of a brand-new Whataburger ground lease in Snellville, GA. The asset sold for $3,090,000, at a 4.77% cap rate, and was part of a larger development project, consisting of multiple free-standing retail buildings. Zack Hilgendorf, Executive Vice President of Quantum Real Estate Advisors, Inc., represented the 1031 buyer in this transaction. Zack sourced the off-market opportunity using his existing relationship with a southeast-based developer, who was the seller in this transaction.
Zack Hilgendorf had the following comments regarding the transaction, “Using our existing developer relationships, along with our comprehensive database, we were able to procure the perfect deal for our client’s up-leg.” Zack continued, “Our client was not necessarily yield-driven. Instead, he was more focused on acquiring A+ real estate, and an industry-leading tenant, which we are proud to have sourced for him.”
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.