Chicago, IL (October 2, 2017) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant CVS. The property measures 10,000 SF and sold for $6,287,620. CVS signed a new 20-year lease in 2016. The seller was a private investor. The buyer was a New York City based 1031-exchange buyer. Daniel Waszak, Senior Vice President of Quantum Real Estate Advisors, Inc. represented the Buyer in the transaction.
Mr. Waszak had the following comments regarding the transaction, “This acquisition was part of a much larger 1031 exchange need this buyer had. It is an excellent fit into their portfolio and will provide reliable cashflow for them.” Mr. Waszak added, “This transaction shows there is still significant demand for single-tenant pharmacy properties.”
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.