Tag: 1031 exchange

Calkain’s Murphy & Fletcher Complete $5.3M 1031 Exchange for Client

Herndon, VA – Calkain’s Rich Murphy and Scott Fletcher recently completed an assignment in which they assisted a client in completing a $5.3M 1031 tax deferred exchange.

Calkain successfully secured two replacement properties for a client that recently sold a hotel and was looking for more passive investments. One property, a $2.8M DaVita Dialysis clinic in Florence, SC, and the other a $2.5M Starbucks in Watertown, CT, were each closed within weeks of each other. Calkain not only assisted in finding and underwriting the properties, but also in arranging and managing the due diligence and transition process post sale.…

Amanda WillisCalkain’s Murphy & Fletcher Complete $5.3M 1031 Exchange for Client

Calkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio – Harrisonburg, VA Closes for $3.12M

 

Rick Fernandez, Senior Managing Director of Calkain Companies, recently brokered the sale, to private investors on a 1031 exchange, of the real estate at 1860 East Market Street in Harrisonburg, Virginia under a long term lease to Potomac Family Dining operating an Applebee’s restaurant at this location.  This sale completes a five-unit portfolio sale of Applebee’s in Maryland and Virginia.…

Amanda WillisCalkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio – Harrisonburg, VA Closes for $3.12M

Calkain’s Jonathan Hipp and Andrew Fallon Complete the Sale of the Multi-Tenant Shopping Center in Gaithersburg, MD

Herndon, VA – July 18, 2019 – Calkain’s Jonathan Hipp and Andrew Fallon, recently completed the sale of Montgomery Village Marketplace, a multi-tenant shopping center in Gaithersburg, MD.  The shopping center is located in the heart of Montgomery Village, adjacent to the new revitalization project approved and underway with an expected summer 2020 completion.  The shopping center sold for $4.6 million.…

Traci BidingerCalkain’s Jonathan Hipp and Andrew Fallon Complete the Sale of the Multi-Tenant Shopping Center in Gaithersburg, MD

Newly Constructed 7-Eleven Sells in Lakeland, FL

Calkain’s Patrick Nutt Brokers Sale of the Net-Leased 7-Eleven in a 1031 Exchange

Ft. Lauderdale, FL –  Patrick Nutt, Calkain’s Managing Partner, closed this week on a net-leased 7-Eleven located at 2580 Kathleen Road in Lakeland, Florida.  The property sold for 97% of asking price, landing at $3,305,000.…

Traci BidingerNewly Constructed 7-Eleven Sells in Lakeland, FL

Calkain’s Fernandez Closes Short Term Cracker Barrel GL

Front Royal, VA Location Sold at 5.39% Cap Rate

Herndon, VA – Calkain‘s Senior Managing Director, Rick Fernandez, recently completed the sale of 15 Riverton Commons Plaza in Front Royal, VA for $2.4 Million.  The 11,524 square foot building on nearly 3 acres was 100% occupied by Cracker Barrel through a NNN ground lease with 4 years remaining on the initial term.…

Traci BidingerCalkain’s Fernandez Closes Short Term Cracker Barrel GL

3 Reasons to Invest in a Triple Net (NNN) Lease

Think about any free-standing business—pharmacies, banks, your local Starbucks—and there’s a good chance they’re under a triple net lease agreement. THere is also a good chance that these could be investment properties for sale.  Also known as NNN leases, this subcategory of net leases tends to be the most commonly utilized net lease agreement for commercial and retail space, and for good reason.…

Amanda Willis3 Reasons to Invest in a Triple Net (NNN) Lease

Newly Built CVS Sells for $5.25M in Elkridge, MD

Calkain’s Hipp and Bogart Co-Broker the Sale of CVS Net Leased Asset in a 1031 Exchange

Herndon, VA –  Calkain recently brought to market and sold the CVS net leased asset located at 7650 Port Capital Drive in Elkridge, MD.  The newly built CVS opened in August and has a 25 year lease term with five, 5-year options.  Jonathan Hipp, President and CEO of Calkain, represented the seller and achieved a $5.25M sales price with a 4.95% cap rate.…

Traci BidingerNewly Built CVS Sells for $5.25M in Elkridge, MD

Calkain Represents Top DC Developer in Sale of NC Walgreens at a 5.51% Cap

Herndon, VA – Andrew Fallon and Rick Fernandez of Calkain Companies completed the sale of a NNN Walgreens in Garner, North Carolina on behalf of one of DC’s top area developers. Calkain previously worked with the client in the acquisition of this asset, having been provided investment criteria of obtaining a liquid NNN property. More recently, Calkain listed the property and was able to procure a 1031 exchange buyer, quickly re-selling the Walgreens for just over $5 million with a 5.51% cap rate.…

Traci BidingerCalkain Represents Top DC Developer in Sale of NC Walgreens at a 5.51% Cap