Quantum Real Estate Advisors, Inc. has brokered the sale of a multi-tenant retail building located at 28341-28361 Diehl Road in Warrenville, Illinois. The roughly 18,000-square-foot property sold for $5,367,000. At the time of the sale, the property was 93-percent leased to national and regional tenants including Starbucks, Potbelly, T-Mobile, Spotted Paw and Jazza Nails.
The buyer was a Chicago-based private investor in a 1031 exchange while the seller was a Chicago-based investment group. Chad Firsel, president of Quantum Real Estate Advisors, Inc. and Daniel Waszak, senior vice president of Quantum Real Estate Advisors, Inc. represented the seller and purchaser in the transaction.
“The seller bought this property with high vacancy and were able to, in very short-order, lease it up,” Firsel said. “That speaks to the quality of this location and market.”
“The buyer was able to acquire as part of a larger 1031 exchange,” said Waszak. “He was attracted to the long-term leases and ‘internet-resistant’ tenant line up.”
