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.…
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 …
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.…
Calkain’s Fallon & Murphy Complete Sale of the “Amazon-Proof” Retail Strip Center in Northern Virginia
Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon and Managing Director, Richard Murphy have recently completed the sale of the multi-tenant strip center located at 400 – 416 Sycolin Road SE in Leesburg, Virginia. The busy neighborhood retail center is anchored by a 9,300 SF Kiddie Academy and co-located with a neighborhood Walgreens. A local, high net-worth, repeat buyer purchased the retail center for $6,100,000 at $440.00 PSF. …
Calkain Brokers Multi-Tenant Retail Deal, Shattering Net Lease Records in Leesburg, VA
Herndon, VA – Edwards Ferry Crossing, a multi-tenant retail center located at 1008 Edwards Ferry Road in Leesburg, VA, traded hands this week, setting new records for a net lease sale in Loudoun County. The three-tenant center, fully leased to Potbelly Sandwich Shop, Great Clips and Panda Express, sold for $4.82 Million, achieving $925 PSF and a cap rate of 5.47%. Calkain’s Jonathan Hipp and Natalia Nunno represented the seller in the transaction.…
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 …