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Outside the Region: Nutt and Barton of Calkain broker sale of Largo, FL shopping center: $2.615 million

nyrej.com

Largo, FL Calkain’s Patrick Nutt and Connor Barton closed the $2.615 million sale of a net-leased multi-tenant strip center at 1001 West Bay Dr.

“This particular asset garnered a lot of interest from local buyers. As an outparcel to a Publix-anchored center, the asset provided the buyer with security moving forward and ease of management with NN leases,” said Barton, a investment sales associate at Calkain. Nutt said, “The buyer received financing at 50% LTV, providing him with positive leverage and the ability to achieve a higher yield.”

This asset was constructed in 2006 and has four national tenants …

Amanda WillisOutside the Region: Nutt and Barton of Calkain broker sale of Largo, FL shopping center: $2.615 million

Big Tech Looking for Retail Spaces

GlobeSt.com

Opening brick and mortar locations could be the beginning of a larger trend being led by Amazon and Google.

Amanda WillisBig Tech Looking for Retail Spaces

Net Lease Properties and Opportunity Zones: Mutually Exclusive

GlobeSt.com

While net lease properties offer many benefits to investors, the very nature of these assets make them difficult, at present, to qualify for the tax deferral through the Opportunity Zone program.

At this point, just about everyone involved in real estate investments has heard about the Opportunity Zone Program. Tucked away in the Tax Cuts and Jobs Act of 2017, this program encourages investors to invest capital gains from the sale of assets into Qualified Opportunity Funds (QOF). Those funds, in turn, funnel money into government-designated Opportunity Zones. Though still in its infancy, the program is being hailed as a …

Traci BidingerNet Lease Properties and Opportunity Zones: Mutually Exclusive

Calkain Brokers Sale of West Bay Retail Center in Largo, FL

Calkain’s Patrick Nutt & Connor Barton Broker Sale of 4-Tenant Net-Leased Shopping Center

Ft. Lauderdale, FL – April 10, 2019 Calkain’s Patrick Nutt and Connor Barton, closed this week on a net-leased multi-tenant strip center.  The property, located at 1001 West Bay Drive in Largo, Florida, sold for $2,615,000.…

Traci BidingerCalkain Brokers Sale of West Bay Retail Center in Largo, FL

Net Lease Chasing Yield

GlobeSt.com

“Nothing is on our ‘No’ List,” said one panelist at GlobeSt.com’s RealShare Net Lease conference.

NEW YORK CITY—E-commerce is not going away. So, Jimmy Goodman, a partner at the Boulder Group, moderating the “State of the Industry” panel at GlobeSt.com’s annual Net Lease Conference asked experts how is it affecting their strategies?

“Almost every transaction we do institutionally today is more and more geared around, ‘Is it an internet resistant type business?’” said Glen Kunofsky, executive managing director of investments at Marcus & Millichap.

He noted although people may think the private market is less sophisticated, it doesn’t have to

Amanda WillisNet Lease Chasing Yield

Calkain’s Fernandez Sells $7.5M Fair Lakes Center Property

Net Leased to Bed Bath & Beyond (andThat! and Harmon Face Values)

Herndon, VA – Calkain’s Rick Fernandez, Senior Managing Director, recently completed the sale of 13065 Fair Lakes Center in Fairfax, VA.  The property includes a 5-acre parcel with 37,000 square feet of improvements and is guaranteed and net leased to Bed Bath & Beyond, Inc operating under its boutique concepts andThat! and Harmon Face Values.  The property traded for $7.5M, a 6.15% cap on current rent.…

Traci BidingerCalkain’s Fernandez Sells $7.5M Fair Lakes Center Property

Brand New Net-Leased Cumberland Farms Sells for $4.9M

Calkain’s Patrick Nutt & Connor Barton Broker C-Store Sale in Ft. Lauderdale (Coral Springs), FL

Ft. Lauderdale, FL Calkain’s Patrick Nutt and Connor Barton, closed this week on a net-leased Cumberland Farms asset, located at 8900 Wiles Road in Ft. Lauderdale (Coral Springs), Florida.  The asset, which sold for $4.9 million, was a newly constructed project with a 20-year absolute NNN ground lease. …

Traci BidingerBrand New Net-Leased Cumberland Farms Sells for $4.9M

The Unequality of Net Leased Properties

GlobeSt.com

Net lease properties are commercial real estate assets in which the tenant pays rent, as well as a portion, if not all of the taxes, along with insurance fees and maintenance costs involved with a property. This is the overall, accepted “umbrella” definition.…

Traci BidingerThe Unequality of Net Leased Properties