Los Angeles, CA (June 13th, 2023) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant medical office building located at 5355 E. Carson St in Long Beach, CA. The property has a long-term lease in place with Akua Mind & Body, a behavioral health operator specializing in mental health and substance abuse treatment. The asset sold to a local investor for $1,420,000. Zack Hilgendorf, Executive Vice President of Quantum Real Estate Advisors, Inc., represented the seller in this transaction.
Mr. Hilgendorf had the following comments regarding the transaction, “The buyer was looking to put some excess cash to work in a high-quality asset with the intention of holding long-term.” Mr. Hilgendorf continued, “This was a strategic disposition for the Seller as he reallocates capital within his portfolio.”
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.
