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Calkain Companies recently completed the sale of two, NNN CVS properties located in Fall River, MA and Columbus, NC. A private equity group purchased both properties which were subject to similar long-term leases and financing.
Calkain Realty Advisors' Guenter Manczur, CCIM, represented the seller of both properties. Manczur stated, “Zero cash flow transactions are a relatively small subset of net-leased investment real estate sales that often involve complex debt structure assumed by the buyer.” He added, “Buyers who acquire zero cash flow net leased real estate assets are commonly long-term investors who recognize that the return on their investment will be realized in future years after all debt is extinguished. They also acquire them to satisfy IRS requirements for debt replacement from prior IRC §1031 exchanges.”
Calkain Companies is a boutique commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant retail, industrial, hotel and office net-leased transactions. While licensed to conduct business in many states, nationally, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast and Northeast United States. Additional information about the firm and listings may be found at www.calkain.com.
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