Herndon, VA – Calkain’s Rich Murphy and Natalia Nunno have recently completed the sale of the Orange Shopping Center in Orange, VA. The center consisted of a McDonald’s and a Family Dollar store. A local buyer purchased the retail center for $1,020,000.
The property has been occupied by these two tenants for over 30 years which made it a very attractive investment. Calkain’s Nunno said “We had an enormous amount of interest in the property given the price point and its longstanding history.” Murphy continued “Properties like this don’t come on the market very often and when they do, they tend to go quickly. That’s exactly what happened here.”
The team at Calkain has chalked up an impressive record of sales so far this year. For triple-net leased properties at $5 Million or less, Calkain has transacted over $90 Million in closings in the Mid-Atlantic alone. With over $400 Million in inventory, they are one of the largest net lease brokerage firms in the country.
Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, capital markets, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at calkain.com.