Chicago, IL (October 8th, 2019) – Quantum Real Estate Advisors, Inc. has brokered the sale of a net lease industrial property located in Melrose Park, IL. The tenant who has operated a metal grinding business for over 30 years ended up acquiring the property. The investment traded at a 9.25% CAP, which was less than one percentage point off the list price.
Mr. Caplan had the following comments regarding the transaction, “The manufacturing facility was a mission critical location for the tenant who had recently completed their final phase of improvements.” Mr. Caplan added “Both buyer and seller worked diligently to close before the end of September.”
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.