Chicago, IL (January 31st, 2020) – Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant industrial building located at 9710-9718 South Industrial Drive in Bridgeview, IL. The five-unit 17,837 square foot building recently lost its core tenant which occupied over 50% of the GLA. The property sold for $610,000. The buyer is a private real estate developer based in Chicago, IL. The seller is an out-of-state investor located in Salt Lake City, Utah. Jason Caplan, Senior Vice President of Quantum, represented both parties in the transaction.
Mr. Caplan had the following comments regarding the transaction, “This was an outstanding value-add opportunity for the buyer to acquire a multi-tenant industrial facility at a favorable yield with significant upside.“ Caplan added, “The property benefits from being situated adjacent to I-294 with extremely low vacancy for incubation sized units under 5,000 square feet.”
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.