Quantum Real Estate Advisors, Inc. brokers sale of a Portillo’s ground lease in Merrillville, IN

Chicago, IL (August 1, 2017) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant Portillo’s, which sold for $2,500,000. The property is approximately 10,058 square feet on 1.31 acres. The site is located within the Southlake Mall super-regional trade area of Merrillville, Indiana. The seller was an investment and development group based in Illinois. The buyer was a Chicago based investor completing a 1031 exchange. Chad Firsel, President of Quantum Real Estate Advisors, Inc. and Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the Buyer in the transaction.

Mr. Firsel has the following comments regarding the transaction. “This was the second half of our clients 1031 exchange. This property coupled with another ground lease will allow him to collect a stable and secure income stream for years to come.”

Mr. Waszak added, “This is an excellent buy for our client. Although the cap rate was low, the price point was also low.” Mr. Waszak continues, “The real estate fundamentals of the deal are superb and the tenant does extremely well at this location. It is a true trophy piece within his portolio.”

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.

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