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Buyers & Sellers
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| Buyers & Sellers Net Leased Investment Co. is selling a freestanding 6,446 sq.ft. AutoZone store located on North County Road West in Odessa, TX for $800,000 with a Cap rate of 7.5%. The store has a lease term of 20 years NN with four, five-year options. The company also is selling two 5,000 sq.ft. buildings leased to Sunbelt Rentals situated on approximately 2.57 acres on Hubbard Avenue in Decatur, IL for $1.2 million with a Cap rate of 7.75%. The store has a lease term of 10 years NN and two, five-year options with increases For more information, contact Bob Fraser or Bill Ellison, 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.
Rushing Real Estate, Inc. is selling a building situated on a land area of 0.70 acres on River Road in Keizer, OR for $395,000. Area demographics include a population of 239,029 within 10 miles earning $57,585 as the average household income. For more information, contact Liz Beaty or Bo Rushing-Barnes, Rushing Real Estate, Inc., 3110 25th Street, Salem, OR 97302; 503-588-8500, Fax 503-588-8744; Emails: liz@rushinggroup.com and bo@rushinggroup.com.
Gateway Realty Advisors, LLC is selling a 97,849 sq.ft. Old Time Pottery store located on Lincoln Trail Drive in Fairview Heights, IL for $4.73 million with a Cap rate of 7.5%. The building is situated on a land area of 10.04 acres. Area retail includes Sears, JCPenney, Famous-Barr and Dillard’s. For more information, contact John Beckman, Gateway Realty Advisors, LLC, 755 Ballas Road, Suite 130, Saint Louis, MO 63141; 314-432-4510, Fax 314-432-6502; Email: john.beckman@gatewayrealtyadvisors.com; Web site: www.gatewayrealtyadvisors.com.
Discovery Realty Advisors, Inc. is selling a 14,820 sq.ft. Walgreens located in Churchill, NV for $5 million with a Cap rate of 6%. For more information, contact Ray D. Kreger, Discovery Realty Advisors, Inc., 621 NW 53rd Street, Suite 240, Boca Raton, FL 33487; 561-276-1031, Fax 561-276-1504; Email: investments@discoveryrealty.com.
Simon Holdings, LLC is selling a land area of 2.82 acres located on Utica Road in Fraser, MI. The site is anchored by a gas station and convenience store. For more information, contact Faiz Simon, Simon Holdings, LLC, 24501 Ecorse Road, Taylor, MI 48180; 248-388-8753, Fax 313-292-1738; Email: fsimon@atlasoil.com; Web site: www.atlasoil.com.
REZA Investment Group, Inc. is marketing Kauai Village, a center located in Kauai, HI. The center is anchored by Safeway and Longs Drugs and is cotenanted by Starbucks, Jamba Juice, Wyland Galleries, Panda Express and ColdStone Creamery. For more information, contact REZA Investment Group, Inc., 3 Park Plaza, Suite 550, Irvine, CA 92614; 949-833-3380, Fax 949-833-3382; Web site: www.rezacompanies.com.
Marcus & Millichap Real Estate Investment Brokerage – National Retail Group is marketing Colorado Place, a mixed-use center located in Bullhead City, AZ. The center includes a 35,731 sq.ft. retail property and two office buildings of 35,692 sq.ft. and 28,379 sq.ft. Area retail includes Home Depot, Sam’s Club, Wal*Mart Supercenter and Riverview Mall For more information, contact Steven J. Terry, Marcus & Millichap Real Estate Investment Brokerage – National Retail Group, 3993 Howard Hughes Parkway, Suite 300, Las Vegas, NV 89109; 702-215-7100, Fax 702-215-7110.
Learning Care Group is looking to acquire land areas of 1.5 acres to two acres throughout CA, FL, IL, MD, MI, NJ and NY. For more information, contact Tim Davis, Learning Care Group, 21333 Haggerty Road, Suite 300, Novi, MI 48375; Email: tdavis@learningcaregroup.com; Web site: www.learningcaregroup.com.
Williams Realty Group is looking to acquire sites with value-added potential throughout the Midwest, with a focus on St. Louis, MO; Columbus, OH; Lansing, MI; Chicago, IL and IN for $3 million with a Cap rate of 9.25%. The company prefers sites with a GLA of 15,000 sq.ft. to 100,000 sq.ft. For more information, contact Ron Bell, Williams Realty Group, 9830 Bauer Drive, Indianapolis, IN 46280; 317-574-5480, Fax 317-829-2052; Email: twood@wr-group.com; Web site: www.wrtroup.com.
Catalyst Commercial is looking to acquire sites throughout the southeast. The company is looking for supermarket-anchored centers for between $3 million and $5 million and value-added centers with a 40% to 60% occupancy for between $10 million and $50 million. The preferred GLA is between 70,000 sq.ft. and 100,000 sq.ft. For more information, contact Sean Keenan, Catalyst Commercial, 147 26th Street, Suite 3106, Atlanta, GA 30309; 404-446-7190, Fax 404-446-7119; Email: clyst11@aim.com.
Colliers International is selling a TireMax store located in Livingston, TX for $1.125 million with a Cap rate of 8.53% and an NNN lease. The property has an NOI of $96,000 with no management responsibility on the landlord. For more information, contact Patrick Graham, Colliers International, 1300 Post Oak Boulevard, Suite 200, Houston, TX 77034; 713-830-2169; Email: pgraham@collierstexas.com.
Casandra Properties, Inc. is looking to sell property on Staten Island, NY. The company is currently selling an endcap of 5,000 sq.ft.; freestanding pads of 2,000 sq.ft.; 2,300 sq.ft.; 3,000 sq.ft. and 4,800 sq.ft.; inline spaces of 900 sq.ft. to 2,800 sq.ft.; investment properties of 30,000 sq.ft. and 23,000 sq.ft. and office spaces from 600 sq.ft. to 6,000 sq.ft. For more information, contact Thomas J. Kerbleski, Casandra Properties, Inc., 2071 Clove Road, Suite 205, Staten Island, NY 10304; 718-816-7799, Fax 718-727-0137.
R.C. Chera Realty Group, LLC is representing a portfolio of private investors seeking the following: retail sites in Manhattan, NY with NNN leases and Cap rates of 6%, as well as high-end office buildings with 6.5% Cap rates and short leases and potential condo-conversion buildings with short leases; retail sites in Brooklyn, the Bronx and Queens, NY with 6% Cap rates and up with NNN leases. For more information, contact R.C. Chera Realty Group, LLC, 152 West 36th Street, Suite 202, New York, NY 10018; 212-760-0200, Fax 212-760-0206; Email: info@rcchera.com.
Beitler Commercial is representing a client looking to acquire shopping centers from $18 million to $30 million throughout AZ, CA or NV. The client also is looking to acquire apartments throughout CA for between $20 million and $25 million. For more information, contact Shelley Nelbert, Beitler Commercial, 15615 Ventura Boulevard, Suite 300, Sherman Oaks, CA 91403; 818-501-5001 Ext. 133, Fax 818-985-1500.
Faris Lee Investments acquired 89,079 sq.ft. of Winchester Springs, a 110,000 sq.ft. center located at the intersection of Winchester Road/Route 79 and Murrieta Hot Springs Road in Murrieta, CA for $16 million. A portion of the center was sold by Krausz Cos. to Wolff Properties as a 1031 exchange. The center is currently 100% occupied and is anchored by Albertsons. Cotenants include Blockbuster Video, McDonald’s and Bank of America. For more information, contact Faris Lee Investments, 2301 Dupont Drive, Suite 100, Irvine, CA 92612; 949-221-1800, Fax 949-221-1830; Email: info@farislee.com; Web site: www.farislee.com.
Sperry Van Ness completed a retail portfolio sale that includes one Tops Supermarket building and three Wilson Farms convenience store buildings to a private investor from NY for $7.17 million with a Cap rate of 7.8%. The 55,000 sq.ft. Tops Supermarket is located on Ridge Road in Newfane, NY. The Wilson Farms properties are as follows: 2,835 sq.ft. on Allen Street in Jamestown, NY; 3,087 sq.ft. on Aurora Street in Lancaster, NY and 2,835 sq.ft. on Transit Road in Clarence, NY. For more information, contact David Ebeling or Megan Monfort, Sperry Van Ness, 18881 Von Karman, Suite 800, Irvine, CA 92612; 949-225-1883 or 949-225-1894; Emails: david.ebeling@svn.com and megan.monfort@svn.com.
Valley Center Towers is selling a building leased by Mad Greek Restaurant located in Salt Lake City, UT for $820,000 with a Cap rate of 8.8%. The site is located across the street from Salt Lake City Community College. The restaurant has a 10-year lease with two, five-year options. For more information, contact Bret Walburg, Valley Center Towers, 5373 South Green Street, Suite 101, Murray, UT 84092; 801-961-1331, Fax 801-961-1333; Web site: www.valleycentertowers.com.
Quine & Associates, Inc. is selling two tenant building-leases for $1.712 million with a Cap rate of 8%. 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.
Colliers Turley Martin Tucker is selling Preserve Plaza, a 33,040 sq.ft. center located in Columbus, OH for $7.1 million with a Cap rate of 8.26%. The center is shadow-anchored by Home Depot. For more information, contact Kevin James, Colliers Turley Martin Tucker, 250 West Street, Columbus, OH 43215; 614-827-1705, Fax 614-241-4701; Email: ktjames@ctmt.com; Web site: www.ctmt.com.
Anchor Commercial Real Estate Services specializes in retail leasing, commercial brokerage, construction management, property management and retail and commercial development. The company currently has restaurant sites available, retail development opportunities and turnkey development. For more information, contact Michael D. Elmore or Will Sherrod, Anchor Commercial Real Estate Services, 126 Seven Farms Drive, Suite 110, Charleston, SC 29492; 843-352-0070/843-747-2292, Fax 843-747-1070. |