Tag: Nutt

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

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

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

Calkain’s Patrick Nutt & Connor Barton Broker Sale of the Net-Leased Starbucks/Aspen Dental Strip Center

Ft. Lauderdale, FL  – Calkain’s Patrick Nutt and Connor Barton, closed this week on a net-leased multi-tenant building fully leased to Starbucks Coffee and Aspen Dental.  The property, located at 1590 N Broadway Avenue in Bartow, Florida, sold for $3,850,000.  Calkain, in conjunction with the owner, streamlined the due diligence process and enabled the international buyer to close more than two weeks ahead of schedule.…

Traci BidingerCalkain’s Patrick Nutt & Connor Barton Broker Sale of the Net-Leased Starbucks/Aspen Dental Strip Center

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

Walgreen bags Ellenton store for $4.95 million

Herald-Tribune

MANATEE COUNTY — Walgreens Boots Alliance Inc. has bought the store in Ellenton it has occupied since 2001 for $4.95 million.

Deerfield, Illinois-based Walgreens, the second-largest pharmacy chain in the U.S., acquired the nearly two-acre property at 5945 U.S. 301 last month, court records show.…

Amanda WillisWalgreen bags Ellenton store for $4.95 million

Calkain Arranges Sale of the Publix Super Market in Fredericksburg, VA

Publix Super Markets’ Northernmost Store in Fredericksburg, VA Sells for Nearly $15.57 Million

Herndon, VA – Calkain Companies LLC, a boutique STNL brokerage firm, has recently closed on the sale of a net-leased Publix Super Market for $15,568,085.  This 49,098 square foot store, located at 9601 Jefferson Davis Highway in Fredericksburg, VA, is the northernmost store for the chain.  Having just opened this July, the new Publix is part of Cosner’s Corner, home to a Super Target and Kohl’s.  …

Traci BidingerCalkain Arranges Sale of the Publix Super Market in Fredericksburg, VA

Calkain’s Trio of Pharmacy Sales Underscores the Importance of Lease Term in Net Lease Transactions

Patrick Nutt Brokers Sale of Three Pharmacy Sector Sales So Far This Month

Ft. Lauderdale, FL – Calkain Companies LLC, a boutique STNL brokerage firm, has recently closed on three net leased pharmacy assets.  Patrick Nutt, Calkain’s Managing Partner, represented the seller in each of the transactions and achieved cap rates at a significant premium to the national average for pharmacy sector deals in the past 12 months. …

Traci BidingerCalkain’s Trio of Pharmacy Sales Underscores the Importance of Lease Term in Net Lease Transactions

What’s Up In The Real Estate Market…

Delray Newspaper
Boca-based Rosemurgy Properties acquires new assets

Rosemurgy Properties recently acquired two new retail assets. One is a 14,750-square-foot CVS Pharmacy located at 4191 West Indiantown Road in Jupiter. The second a 2,150-square-foot Starbucks Coffee at 2209 SW Gatlin Boulevard in Port St. Lucie that opened in Feb. 2018.…

Amanda WillisWhat’s Up In The Real Estate Market…

Plenty of Capital Flowing into Retail Property, says RECon Panel

Shopping Centers Today

Shopping center owners are having no trouble financing their properties, despite some of the negative commentary swirling around the retail industry, RECon panelists said Monday. “It’s a great time to be a borrower,” noted Michael Phillips, a managing principal at Lubert-Adler Partners.

Amanda WillisPlenty of Capital Flowing into Retail Property, says RECon Panel