Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant industrial building located at 1335-1345 Industrial Drive, Itasca, Illinois. The 23,400-square-foot property was 100 percent stabilized by five tenants with long occupancy history. The asset sold for $2,080,000 which was percent below list price. Both buyer and seller are private real estate investors located in Chicago.
“We had multiple offers on this deal and ended up closing 1 percent 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,” said Jason L. Caplan, senior vice president at Quantum Real Estate Advisors. “This investment will be a solid investment for years to come.”