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Press Releases: 2009

News & Events | Press Release

June 03, 2009

 

Net Lease Medical Office Building Sold by Calkain Companies

Healthcare Properties Sought Out By Passive Investors



Tampa, FL — Calkain Companies, a national real estate investment brokerage firm, has procured the sale of the Affordable Dental building in Greenville, SC.

David Sobelman, Executive Vice President of Calkain Companies, represented the seller, a private investor, in the transaction. The site was purchased by M & T Enterprises, Inc. Sobelman commented, "Superior assets are in the forefront of investor's minds. High quality, net lease real estate with a strong tenant in place attracted multiple offers for this asset." The buyer was a local entity completing a 1031 tax deferred exchange.

The $1,100,000 transaction equated to $250.00 per square foot which speaks volumes to the quality of the location and the tenant's credit-worthiness. The asset is part of a portfolio of Affordable Dental tenanted buildings in South Carolina, Texas and Illinois.

The transaction closed in June 2009 and is recorded in the public record.

Calkain is a full service real estate brokerage firm with a national scope focusing on single and multi tenant retail, industrial and office net-leased transactions. Calkain has offices in Reston, VA (Washington, DC), Tampa, FL, and McHenry, MD. Additional information about the firm and its listings may be found at www.calkain.com.


Media Contact: David Sobelman | (813) 282.6000

 

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