Tag: 1031 exchange

Calkain’s Murphy & Fletcher Complete $5.3M 1031 Exchange for Client

Herndon, VA – Calkain’s Rich Murphy and Scott Fletcher recently completed an assignment in which they assisted a client in completing a $5.3M 1031 tax deferred exchange.

Calkain successfully secured two replacement properties for a client that recently sold a hotel and was looking for more passive investments. One property, a $2.8M DaVita Dialysis clinic in Florence, SC, and the other a $2.5M Starbucks in Watertown, CT, were each closed within weeks of each other. Calkain not only assisted in finding and underwriting the properties, but also in arranging and managing the due diligence and transition process post sale.…

Amanda WillisCalkain’s Murphy & Fletcher Complete $5.3M 1031 Exchange for Client

Calkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio – Harrisonburg, VA Closes for $3.12M

 

Rick Fernandez, Senior Managing Director of Calkain Companies, recently brokered the sale, to private investors on a 1031 exchange, of the real estate at 1860 East Market Street in Harrisonburg, Virginia under a long term lease to Potomac Family Dining operating an Applebee’s restaurant at this location.  This sale completes a five-unit portfolio sale of Applebee’s in Maryland and Virginia.…

Amanda WillisCalkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio – Harrisonburg, VA Closes for $3.12M

Calkain’s Jonathan Hipp and Andrew Fallon Complete the Sale of the Multi-Tenant Shopping Center in Gaithersburg, MD

Herndon, VA – July 18, 2019 – Calkain’s Jonathan Hipp and Andrew Fallon, recently completed the sale of Montgomery Village Marketplace, a multi-tenant shopping center in Gaithersburg, MD.  The shopping center is located in the heart of Montgomery Village, adjacent to the new revitalization project approved and underway with an expected summer 2020 completion.  The shopping center sold for $4.6 million.…

Traci BidingerCalkain’s Jonathan Hipp and Andrew Fallon Complete the Sale of the Multi-Tenant Shopping Center in Gaithersburg, MD

Newly Constructed 7-Eleven Sells in Lakeland, FL

Calkain’s Patrick Nutt Brokers Sale of the Net-Leased 7-Eleven in a 1031 Exchange

Ft. Lauderdale, FL –  Patrick Nutt, Calkain’s Managing Partner, closed this week on a net-leased 7-Eleven located at 2580 Kathleen Road in Lakeland, Florida.  The property sold for 97% of asking price, landing at $3,305,000.…

Traci BidingerNewly Constructed 7-Eleven Sells in Lakeland, FL

Calkain’s Fernandez Closes Short Term Cracker Barrel GL

Front Royal, VA Location Sold at 5.39% Cap Rate

Herndon, VA – Calkain‘s Senior Managing Director, Rick Fernandez, recently completed the sale of 15 Riverton Commons Plaza in Front Royal, VA for $2.4 Million.  The 11,524 square foot building on nearly 3 acres was 100% occupied by Cracker Barrel through a NNN ground lease with 4 years remaining on the initial term.…

Traci BidingerCalkain’s Fernandez Closes Short Term Cracker Barrel GL