Popeye’s Chicken on a Ground Lease in MD Sold
Calkain
Companies, a national real estate investment brokerage firm, has procured the
sale of the real estate currently occupied by Popeye’s Chicken on a ground
lease in LaPlata, MD. Jeff Bogart of Calkain Companies represented the seller
in this transaction. “We are currently experiencing a market short on NNN
inventories and long on buyers. This combination has resulted in ‘all time low’
cap rates,” Bogart stated. “In this transaction, the seller needed to close the
transaction by year end or incur an additional 5% tax liability” Bogart
continued and “Calkain found a buyer that could close in less than 40 days with
financing.” The buyer was a private investor represented by Ui Chung of Hana
Realty.
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, Calkain has multiple office locations throughout the
Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about
the firm and listings may be found at www.calkain.com.
