Quantum Real Estate Advisors, Inc. Brokers Sale of a Single-Tenant CVS in Solon, OH

Chicago, IL (March 21st, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant CVS in Solon, OH. CVS recently extended its absolute net lease for an additional 10-years, showing significant commitment to this location. This off-market transaction was part of a large 1031 exchange the Quantum Real Estate Advisors, Inc. is handling. The buyer was an individual investor based in New York City. The Seller was a Dallas-based investment group. Daniel Waszak, Executive Vice President of Quantum Real Estate Advisor, Inc. represented the purchaser in the transaction.

Mr. Waszak had the following comments regarding the transaction, “CVS continues to extend quality locations on a long-term lease basis. This is indicative of the strength of the company and quality of the use.” He continued, “the buyer remains bullish on well-located pharmacy properties for the long-term. This is the fifth pharmacy property I’ve sold him in the last 12 months, and we have an additional five pharmacies under contract.”

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.