Chicago, IL (September 25, 2017) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant net-leased retail building located at 11025 61st Street NE, Albertville, MN. The 4,538 square foot property sold for $3,337,500. At the time of sale the building was leased to Culver’s. The seller is a prominent property owner from the Milwaukee area. Chad Firsel, President of Quantum Real Estate Advisors, Inc. represented the seller and buyer in the transaction.
Mr. Firsel had the following comments regarding the transaction, “This buyer was able to acquire a property with an extremely strong tenant who occupied this store for the past eleven years, and since they were doing so well they decided to execute a new twenty-year lease.” Firsel continues, “Due to the operational history, the commitment to the site along with this being a Culver’s branded business this investor will see uninterrupted cash flow for many years to come.”
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.