Net Lease Press Releases
Calkain companies completes
Sarasota FL net-lease transaction at record low cap rate rookie broker leads transaction
process with a 4.6% return
Calkain Companies’ Associate, Stephen Counts, exclusively
represented the seller in the disposition of a Ground Lease to the Tregate
Condominium Association. The 2 acre parcel, located at 2220 Stickney Point Road
in Sarasota, Florida was originally a citrus grove leased to the condominium
association for 99 years. At the time of sale, there were 59 years remaining on
the lease term. With a sale price of only $183,000, it was only a fraction of
the property value. Therefore, the buyer was willing to accept an overly low
return for their investment due to the very high intrinsic real estate value.
Calkain’s client inherited the property, which had purchased the property over
40 years ago.
Calkain Companies is a boutique commercial real estate
brokerage firm which specializes in assisting buyers and sellers with single
and multi-tenant retail, industrial, hotel and office net leased transactions.
While licensed to conduct business in many states, nationally, Calkain has
multiple office locations throughout the Mid-Atlantic, Southeast and Northeast
United States. Additional information about the firm and listings may be found
at www.calkain.com.
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