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Buyers & Sellers
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Buyers & Sellers The Swiss Group is selling the following sites throughout Indianapolis, IN: a 2,600 sq.ft. former fast food restaurant located on Lafayette Road for $325,000. The site is situated on a land area of 0.75 acres; a 21,000 sq.ft. former Frank’s Nursery store located on Rockville Road for $1.65 million. The building is situated on a land area of 3.5 acres; and a 12,544 sq.ft. Walgreens store located on Rockville Road for $1.9 million. The building is situated on a land area of two acres. For more information, contact The Swiss Group, 3985 West 106th Street, Suite 110, Carmel, IN 46032; 317-816-9270, Fax 317-816-9271.
Net Leased Retail Properties is selling a 7,270 sq.ft. Kragen Auto Parts store and a 4,867 sq.ft. Sherwin-Williams store in Columbus, OH for $4.4 million with a Cap rate of 5.88%. The Kragen store has a 15-year NN lease with four, five-year options, while the Sherwin-Williams store has a 10-year NN lease with three, five-year options. For more information, contact Shawn Jass, Net Leased Retail Properties, 1090 Joshua Way, Suite B, Vista, CA 92801; 760-734-1130 Ext. 100, Fax 760-560-1607; Web site: www.1031nnnsearch.com.
Newmark Knight Frank Capital Group is seeking credit quality NNN leases and ground leases throughout the New York tri state region. For more information, contact Randall E. Liberman, Newmark Knight Frank Capital Group, 125 Park Avenue, New York, NY 10017; 212-850-5429, Fax 212-372-2267; Email: rliberman@newmarkkf.com.
Upland Real Estate Group, Inc. sold a Jack in the Box restaurant located in Ventura, CA for $2.2 million. The restaurant is located within a mile from San Buenaventura Beach Park and is near California Highway 101. For more information, contact Art. R. Brown, Upland Real Estate Group, Inc., 90 South Seventh Street, Suite 3800, Minneapolis, MN 55402; 612-332-6600, Fax 612-376-4489; Email: art@upland.com ; Web site: www.upland.com.
Quine & Associates, Inc. is selling an 81,000 sq.ft. center located in Ada, OK for $2.93 million with a Cap rate of 8.5%. The center is tenanted by Aaron Rents, Family Dollar and AutoZone. For more information, contact Douglas Wilder, Quine & Associates, Inc., 301 South Sherman, Suite 100, Richardson, TX 75081; 972-669-8440 Ext. 242, Fax 972-783-8901; Email: dwilder@quine.com.
Amercon Realty Service, Inc. is selling a Goddard School building located in Edmond, OK for $1.995 million with a Cap rate of 7.5%. The building has a 15-year lease to be executed at closing with 2% annual rent increases through the initial term and four, five-year option periods. For more information, contact W. Barry Lammersen, Amercon Realty Service, Inc., 5111 North Scottsdale Road, Suite 160, Scottsdale, AZ 85250; 480-481-0600, Fax 480-481-9718.
Colliers Seeley represented Ro Property, Inc. in the sale of Sherman Way Plaza, a 12,494 sq.ft. center located in Reseda, CA for $4.1 million. The center is 100% leased and is anchored by 7-Eleven. The center was acquired by Georges Cross Trust Co. For more information, contact Colliers Seeley, 444 South Flower Street, Suite 2200, Los Angeles, CA 90071; 213-627-1214, Fax 213-627-2700; Web site: www.colliers-seeley.com.
B.C. Wood Properties is looking to acquire strip or power centers throughout the southeastern U.S. for between $3 million and $100 million. The centers must have occupancy rates of over 50% and have a GLA over 100,000 sq.ft. For more information, contact Brian C. Wood, B.C. Wood Properties, 1020 Industry Road, Lexington, KY 40505; 859-335-9663, Fax 859-335-9662; Web site: www.bcwoodproperties.com.
Phase One Realty, Inc. is selling an 8,040 sq.ft. Sherwin-Williams store located on South Grand Parkway in Katy, TX for $1.6 million with a Cap rate of 6%. The lease has a term of 10 years with four, five-year options. For more information, contact Robert H. Fippinger, Phase One Realty, Inc., PO Box 22865, Santa Fe, NM 87502, 2011 Botulph Road, Santa Fe, NM 87505; 505-986-2942, Fax 505-988-5134; Email: rhf@phaseonerealty.com .
Global Real Estate Investment is selling a land area of 95 acres at the intersection of Perry’s Bridge Road and Riddick Grove Road in Perquimans County, NC for $980,800. For more information, contact C. Michael Fisher, Global Real Estate Investment, 415 St. Paul’s Boulevard, Suite 602, Norfolk, VA 23510; 757-622-6009, Fax 757-622-5460; Web site: www.globalrei.com .
Palmer & Cay Properties, Inc. is selling a 105,000 sq.ft. Food Lion-anchored center located in NC for $7.9 million. The center is currently 100% occupied. For more information, contact Charles R. Stewart, Palmer & Cay Properties, Inc., 2 East Bryan Street, Suite 400, Savannah, GA 31401; 912-234-8033, Fax 912-238-3548; Email: cstewart@palmercayproperties.com.
Mack Reynolds Realty, LLC is selling a 2.214-acre development site located at the interchange of Interstate 85 in Hogansville, GA for $300,000. For more information, contact Jason S. Stewart, Mack Reynolds Realty, LLC, PO Box 100, Hogansville, GA 30230; 706-637-8431, Fax 706-637-6602.
Fursse & Hall Realty, Inc. is selling a building located one block from Lake Union in Seattle, WA for $1.199 million. The building is 100% occupied. For more information, contact Keoni Fursse, Fursse & Hall Realty, Inc., 536 Westlake Avenue North, Seattle, WA 98109; 206-381-3810, Fax 206-381-3838; Web site: www.fhrealtyinc.com.
Stock Real Estate Developers, Inc. is selling a Wal*Mart Supercenter outparcel situated on a land area of 1.37 acres in Snellville, GA for $1.15 million. The parcel is for sale, build-to-suit or ground lease and is located along the west side of Centerville Highway, just north of Annistown Road. For more information, contact Sharon L. Stock, Stock Real Estate Developers, Inc., 131 Yacht Club Circle, North Redington Beach, FL 33708; 727-394-9993; Email: stockdevelopment@tampabay.rr.com.
Coldwell Banker Commercial TRIAC Realtors is selling land in Bermuda Run, NC for $10 psf. Area retail includes Lowe’s Foods, Bank of America and Eckerd. For more information, contact Ellen K. Moore, Coldwell Banker Commercial TRIAC Realtors, 285 South Stratford Road, Suite C, Winston-Salem, NC 27103; 336-761-5909.
Redner and Associates is selling a land area of 2.967 acres at the intersection of Highway 60 and Georgia 400 in Dahlonega, GA for $250,000. The company also is selling a land area of 3.6 acres on Dawsonville Highway, at the intersection of Highway 9 and Highway 52, in Dahlonega, GA for $575,000. For more information, contact Linda Stancil-Redner, Redner and Associates, 33 Live Oak Road, Suite A, Dahlonega, GA 30533; 706-867-0107, Fax 706-867-0245; Web site: www.lindastancilredner.com.
Net Leased Investment Co. is selling a 34,103 sq.ft. freestanding Linens ‘N Things store located on Chatham Drive in Newport News, VA for $6.4 million. The building is situated on a land area of 2.58 acres. Area retail includes Lowe’s Home Improvement, Home Depot, Wal*Mart Supercenter, Sam’s Club and Michaels. The lease on the site is 20 years NNN with 10% increases every five years. For more information, contact Bob Fraser, Net Leased Investment Co., 120 Alexandria Boulevard, Suite 18, Oviedo, FL 32765; 407-977-2448, Fax 407-977-0775; Email: bobfraser@netleased.com ; Web site: www.netleased.com .
Anchor Commercial is looking to close on a portfolio for $6.5 million for a 1031. The company prefers credit deals, but will consider shopping centers, office buildings, NNN or other income-producing properties with limited maintenance issues. The company prefers deals with Cap rates of 7% or higher, but will look at most credit deals. For more information, contact Michael Elmore, Anchor Commercial, 126 Seven Farms Drive, Suite 110, Charleston, SC 29492; 843-352-0070, Fax 843-747-1070; Email: michael@anchorcommercial.net; Web site: www.anchorcommercial.net. |