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Property Map

Cantera Commons – 2019

28341 Diehl Road, Warrenville, IL
  • Property Type: Retail
  • Size: 17,855 Sq. Ft.
  • Date Closed: 03/1/2019

Challenges

• The subject property was purchased as a distressed asset with high-vacancy
• Ownership needed to quickly lease up and then quickly sell to maximize return and IRR for their investors

Solutions

• The team at Quantum helped guide ownership during the acquisition process with a complicated auction process
• Quantum assisted ownership with their leasing plan so the executed leases would maximize both sales price and return as well as quickly sell the asset
• Once leased, the team at Quantum was able to quickly create marketing materials and reach out utilize all our marketing tools

Results

• The team at Quantum was able to generate multiple offers within a couple of weeks on market
• We were able to properly vet the buyers and ultimately select a 1031 buyer who provided the highest probability of a closing
• The deal closed on-time and at 100% of the original offer price due to thorough upfront underwriting and transparency with the Buyer

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