Chicago, IL (April 7, 2015) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail building located at 200-218 South Milwaukee in Libertyville, IL. The property was sold for $2,255,000. The site was 100% leased to both national and regional tenants including: Randstad, @Properties, Pizza Italia, Bite 9, Village Cleaners, and Lovely Nails. The Seller was a local real estate investor based in Lake Bluff, Illinois. The buyer was a private real estate investor based in Chicago, IL. Chad Firsel, President of Quantum Real Estate Advisors, Inc. was the sole broker in the transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer purchased a 100% leased strip center in an affluent suburb at an attractive going-in yield.” Mr. Firsel adds, “the buyer will create additional value by upgrading the tenancy.”
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.
FOR IMMEDIATE RELEASE