Chicago, IL (July 27, 2016) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 5,215 square foot single-tenant retail building located at 800 West Scott Street in Chicago, IL. The property was sold for $3,400,000. The building is leased to iFLY, a modern indoor skydiving facility. The property is in the prime retail corridor of North Avenue and Clybourn Avenue, also known as the Clybourn Corridor, with close proximity to the NewCity development and many other retailers. The buyer was a private real estate investor based in Chicago. The seller was a Chicago based developer. This is the second iFLY property that Quantum has sold within the last three years; the other property was in Naperville, IL. Chad Firsel, President of Quantum Real Estate Advisors, Inc. of Quantum Real Estate Advisors, Inc. represented the Seller and Buyer in the transaction.
Mr. Firsel had the following comments regarding the transaction, “The buyer was able to acquire a long-term net leased asset with no landlord responsibilities in a high-barrier to entry location. Simply put, an irreplaceable location.”
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.