Chicago, IL (February 18th, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant Arby’s located at 15765 S. Harlem Avenue, Orland Park, IL. The property sold for just under $1,400,000. The Seller, a California based development group redeveloped a former Taco Bell and signed a new, 15-year, absolute net lease with an Arby’s franchisee. The Buyer was a private investor from California. Dan Waszak, Executive Vice President of Quantum Real Estate Advisors, Inc., and Zack Hilgendorf, Executive Vice President of Quantum Real Estate Advisors, Inc. represented the Seller in the transaction.
Mr. Waszak had the following comments regarding the transaction, “The long-term tenant invested significant capital into the building, opening with the latest high-end branding standard Arby’s has implemented nationally. By signing a 15-year Lease, they showed significant commitment to the site.” Mr. Hilgendorf added, “This transaction shows that there is investor demand for quality property with an essential use.” Hilgendorf continued, “This also shows the strength that Quantum has clearing a market with both a buyer and seller from California, where Quantum opened an office in 2020, and have a property in the Chicago MSA where Quantum has an office. This is a perfect example of our firm’s breadth and reach.”
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.