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Quantum Brokers Sale of Valparaiso Retail
Quantum Real Estate Advisors has brokered the sale of Chandana Plaza, a multi-tenant retail center at 3510-3540 Calumet Ave. in Valparaiso, IN. The property sold for $3.6 million.
The buyer was a private real estate investor based in the Chicagoland area. The seller was a prominent acquisition and development company from Northwest Indiana.
Chad Firsel, president of Quantum, represented both buyer and seller. “The buyer was able to acquire a strategic location within one of the prime corners within the submarket at a low basis,” he said. “The property has excellent historical occupancy, and the tenants continue to thrive.
“Along with new long-term extensions and great visibility and accessibility, this center is sure to be a solid investment for years to come,” Firsel continued.
At the time of sale, Chandana Plaza was 100% occupied by both national and local tenants, including Verizon Wireless, Ossip Optical, El Salto, Board & Brush and State Farm.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
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