Quantum Real Estate Advisors, Inc. has brokered the sale of a roughly 9,000-square-foot, single-tenant building located at 820 E. Golf Road in Schaumburg, Illinois. The property sold for $3,750,000.
The buyer is a business operator who will be using the building for their retail sales of medical marijuana. The seller was a private real estate investor from Massachusetts. Jason Lenhoff, senior vice president of Quantum Real Estate Advisors, Inc., and Daniel Waszak, executive vice president, represented the seller in the transaction.
“We were very fortunate to have this highly sought after location sold in such a short amount of time,” Lenhoff said. “The property sits in one of the most desired suburban Chicago locations, just minutes from Woodfield Mall. It offers everything a retailer could want in location, traffic, superior demographics, visibility, and area co-tenancy. This location should be one that will prove highly successful for this buyer.”
“This transaction demonstrates the continued need for ‘brick and mortar’ retail sites,” Waszak said. “Although some retailers are closing, many new retailers are eager to take over these spaces.”