Net Lease Press Releases
Calkain Companies, a national real estate investment brokerage firm, recently completed the sale of a 5,170 SF investment property leased to Blue Cross/Blue Shield of Florida on a long-term, triple net (NNN) basis. The purchaser was a private investor from New York seeking a passive, incoming-producing asset leased to a credit tenant. The property is an outparcel to the Sawgrass Mills Mall. The sale price of $4,800,000 equates to $928.43 per square foot which exemplifies the strong desire for triple net leased assets in today’s investment market.
Sunrise, FL
David Sobelman, Calkain’s Executive Vice President, personally represented the seller of the build-to-suit asset in Broward County, FL. Sobelman stated, “Calkain has consistently proven that its systematic approach in helping clients procure NNN transactions ultimately sets the market for value. This asset, even with its high price per square foot, generated multiple offers from purchasers around the US and from three other countries. Selling at 99.43% of the asking price, Calkain’s efficient approach was confirmed with this transaction.”
The transaction closed within the last thirty days and is recorded in the public record.
Calkain is a full service real estate investment brokerage firm with a national scope focusing on single and multi tenant retail, industrial, hotel and office net-leased transactions as well as asset management, tax planning, and advisory services. Calkain has offices in Reston, VA (Washington, DC), Tampa, FL, Bethesda, MD, Wilmington, DE and Boston, MA. Additional information about the firm and its listings may be found at www.calkain.com
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