Chicago, IL (January 7, 2019) – Quantum Real Estate Advisors, Inc. has brokered the sale of a portfolio of 8 C-Stores with locations in Michigan, Indiana, Texas, and Oklahoma. The portfolio closed at $18,920,000. The buyer was a private REIT located in New Jersey. The seller was the General Partner of its publicly traded subsidiary based out of California. Jason L Caplan, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the buyer in the transaction.
Mr. Caplan had the following comments regarding the transaction, “This was a great deal on all levels: tenant is one of the largest fuel distributors and C-Store operators in the country, excellent lease terms, and locations are strategically located to capitalize on continued growth.” Mr. Caplan added “Both buyer and seller worked diligently to close before year end.”
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.