28341 Diehl Road, Warrenville, IL
- Property Type: Retail
- Size: 17,855 SF
- Date Closed: 01/01/2017
• The subject property had battled vacancy issues for many years
• The property had been lost to the special servicer via foreclosure.
• The selling entity was reluctant to invest money into the property in order to lease up the vacancies.
• The property was being sold via an auction platform
• Quantum teamed up with a national auction platform which allowed Quantum to leverage its database along with that of the auction platform.
• Aggressively market the property and create a competitive environment.
• Work to help buyers create a strategic plan to lease up the vacancies and stabilize the asset.
• The team at Quantum was able to get multiple bidders to step up on auction day
• By creating the competitive environment, we were able to drive pricing up to an acceptable level for the Seller.