Tag: Fallon

Calkain Urban Investment Advisors Brokers $9.2M, 6.5% Cap Sale of Urban Retail in Washington, DC

Fallon & Fernandez Represented Seller in Transaction

Herndon, VA – Calkain Urban Investment Advisors, the urban division of Calkain Companies, brokered the $9.2M sale of the commercial units at the Tenley Hill condominium at 4719-4731 Wisconsin Avenue, Washington, DC.  Tenley Hill is a premier mixed-use, luxury Leed Certified condominium developed by PN Hoffman in 2001.  Offered for sale were the 100% leased first and second floors of the building featuring six commercial condominium units of approximately 20,000 SF.  The commercial units have a dedicated lobby and private 24-space parking garage.  The buyers acquired the property as part of a 1031 …

AmyCalkain Urban Investment Advisors Brokers $9.2M, 6.5% Cap Sale of Urban Retail in Washington, DC

Fernandez and Fallon Retained to Sell Prime Shaw Neighborhood Retail

Herndon, VA – Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director of Calkain’s Urban Investment Advisors, have been retained to sell 1544 9th Street NW, Washington, DC. The real estate property has a twelve-year net lease with the New Orleans style, French Quarter Brasserie & Oyster Bar (FQB).…

Emily CusmanoFernandez and Fallon Retained to Sell Prime Shaw Neighborhood Retail

Fernandez & Fallon Retained to Sell the 43,000 SF MacArthur Blvd. Retail & Professional Center

Herndon, VA – Rick Fernandez and Andrew Fallon of Calkain Urban Investment Advisors have been retained to sell the MacArthur Retail & Professional Center located at 5185 MacArthur Blvd. NW in Washington, DC.…

Emily CusmanoFernandez & Fallon Retained to Sell the 43,000 SF MacArthur Blvd. Retail & Professional Center

Fernandez & Fallon Retained to Sell First Floor Net Lease Retail on M Street NW, DC

Herndon, VA – Rick Fernandez and Andrew Fallon of Calkain Urban Investment Advisors have been retained to sell the first floor restaurant space of the newly built, 94% sold out, 10Eleven luxury Condominiums at the corner of 11th and M Streets NW.…

Emily CusmanoFernandez & Fallon Retained to Sell First Floor Net Lease Retail on M Street NW, DC

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.…

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

Fallon and Fernandez to Sell Prime Washington, DC Mixed-Use Real Estate

Herndon, VA – Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director of Calkain’s Urban Investment Advisors, have been retained to sell the first and second floor units within the Tenley Hill Condominium. This premier mixed-use property is LEED Certified, 3 star rated, and located at 4719-4731 Wisconsin Avenue, NW, Washington, DC.

Tenley Hill is a 38 unit mixed-use development featuring modern upscale building treatments.

Fallon commented,

The units are 100% leased and include a dedicated lobby for the commercial space, public conference room, a private 24-space parking garage and storage areas to meet the needs of the

Emily CusmanoFallon and Fernandez to Sell Prime Washington, DC Mixed-Use Real Estate

Dollar General Continues to Draw Net Lease Investors’ Attention

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon, completed the sale of 6 Dollar General stores to close out 2016. The stores were located in various locations in Pennsylvania, Ohio, Georgia, Massachusetts and Virginia. All properties were similar in size, approximately 9,000 square feet and are 100% leased to Dollar General Corporation. The stores sold at an average cap rate of 6.57%, right in line with the 6.60% average cap rate for Dollar Generals sold in 2016 according to Calkain research. Calkain represented different sellers and buyers on the transactions.

Dollar General properties continue to be attractive net lease

Emily CusmanoDollar General Continues to Draw Net Lease Investors’ Attention

Fallon & Campbell Complete Sale of Dollar General in Loganville, GA

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon and Associate Director, Scott Campbell, have recently completed the sale of the Dollar General, in Loganville, GA.  Built in 1996, originally as an Eckerd Pharmacy with approximately 9,800 square feet, the building is now 100% leased to Dollar General Corporation. The asset was previously occupied by Rite Aid and was converted to a Dollar General store in 2010.  With a new seven year lease extension, , this location sold at the full asking price of $1,809,231, a 6.50% cap rate.  The investment property is setup as a true NNN lease structure …

Traci BidingerFallon & Campbell Complete Sale of Dollar General in Loganville, GA

Two Dollar Generals Sell in Virginia – 20 Sold in Last 24 Months by Calkain’s Andrew Fallon

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon has recently completed the sale of two Dollar General stores, one in Halifax, VA and one in Petersburg, VA. Both properties were similar in size, approximately 9,000 +/- square feet and are 100% leased to Dollar General Corporation.  Developed as new build-to-suit stores in 2012, each location has just under 11 years left on the leases, and both were true NNN structures with no landlord responsibilities. The Halifax, VA store sold for $1,241,555, a 6.75% cap rate, while the store in Petersburg, VA sold for $1,410,000, a 6.55% cap rate.

Both

Traci BidingerTwo Dollar Generals Sell in Virginia – 20 Sold in Last 24 Months by Calkain’s Andrew Fallon

Calkain’s Fallon and Fernandez Sell $3.9M Two Tenant NNN Mount Vernon Triangle Real Estate

The Calkain Urban Investment Advisors team of Andrew Fallon, Executive Managing Director, and Rick Fernandez, Senior Managing Director, recently brokered the sale of 433 Massachusetts Avenue NW, Washington, DC, a prominent retail property in Mount Vernon Triangle.  The property sold for $3.9M, a 5.38% cap rate on net operating income.  The 5,021 square foot building is 100% NNN leased to Le Pain Quotidien and Solidcore, a fitness studio.  The New York based buyers acquired the property as part of a 1031 exchange.

The massive amount of redevelopment in and around Mount Vernon Triangle was a key factor in the successful …

Traci BidingerCalkain’s Fallon and Fernandez Sell $3.9M Two Tenant NNN Mount Vernon Triangle Real Estate