Quantum Real Estate Advisors, Inc. has just completed the sale of a freestanding, 9,426-square-foot medical office building located at 19615 Governors Hwy in Flossmoor, Illinois. A Chicago-based investment group that specializes in acquiring net-lease MOBs around the country acquired the asset for $4,000,000.
A brand new, state-of-the-art remodel was completed at the start of 2020, increasing the building’s value. The Center for Dental Excellence occupies this building with a new 12-year lease. Chad M. Firsel, president of Quantum Real Estate Advisors, Inc. represented the seller in the transaction.
“With the new renovation and a COVID-resistant tenant, this property was a great opportunity for the buyer,” Firsel said. “The market has continued to favor medical buildings as we move through this pandemic. With gaining over 100 new patients a month, the tenant has proven their importance in this community.”