Chicago, IL (February 28th, 2020) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant industrial building located at 1335-1345 Industrial Drive, Itasca, IL. The 23,400 square foot industrial building was 100% stabilized by 5 tenants with long occupancy history. The property sold for $2,080,000 which was 1% below list price. Both buyer and seller are private real estate investors located in Chicago, IL.
Mr. Caplan had the following comments regarding the transaction, “We had multiple offers on this deal and ended up closing 1% off list price. The buyer was able to acquire a strategic location within the O’Hare Industrial Corridor taking advance of lower DuPage County taxes and newly constructed I-390 providing direct access to O’Hare International Airport from the West.” Mr. Caplan added, “This investment will be a solid investment for years to come.”
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.