Quantum Real Estate Advisors, Inc. brokered the sale of a single-tenant Best Buy property in Richmond, Ind. The property was sold to Cole Capital for $4,775,000.
The property is a 30,983 square foot new construction building that is part of Richmond Village Shopping Center. Other anchor tenants include Kohl’s and Menard’s. The Seller was development group based in Chicago and Pennsylvania.
Chad M. Firsel, President, represented the Seller and Purchaser in the transaction.
“This property is in an excellent location and on the right retail corridor in this market.” said Firsel. “We received several offers within a very short time frame due to the demand for this type of product: long-term, credit-driven lease.”
