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Reston, VA – Calkain Companies, a national real estate investment brokerage firm, has procured the sale of a two tenant building occupied by 7-11 and a local veterinary practice in Gainesville, VA.
Jeff Bogart of Calkain Companies represented the seller in the transaction. “We have seen an increase in buyer interest for investment assets over the past nine months, both from out-of-state and in-state investors, because of accessible credit and low inventories,” Bogart stated. “Since January 2010, Credit income properties have become increasingly harder to find in the DC-MSA, thus, compressing cap rates as much as 175 basis points over the last two years. This particular asset was a two tenant NN lease building located in the Heritage Hunt Retail development in Gainesville, VA.” Bogart added. The buyer was a local investor and the seller was Buchanan Partners. Seventy percent was leased to a non-credit tenant and thirty percent to a credit tenant. “The corporate rate we were able to achieve on the sale was driven by the fact that there was a credit tenant and a non-credit tenant” Bogart elaborated.
Calkain is a full service real estate brokerage firm with a national scope focusing on single and multi‐
tenant retail, industrial, hotel and office net‐leased transactions. Calkain has offices in Reston, VA,
Washington, DC, Tampa, FL, Wilmington, DE and Boston MA. Additional information about the firm
and its listings may be found at www.calkain.com.
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