Everett, Wash. — Matthews Real Estate Investment Services has facilitated the $5.9 million sale of a single-tenant property in Everett. 7-Eleven occupies the property on a net-lease basis. Brandon Sontz, Nick Hahn and Chad Kurz of Matthews brokered the transaction. A local developer sold the property to an undisclosed buyer.
Bakersfield, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $2.9 million sale of a 3,576-square-foot single-tenant property located in Bakersfield. Chase Bank occupies the building, which was constructed in 2022 on a 0.9-acre pad, on a triple-net-lease basis. Bill Asher and Jeff Lefko of Hanley represented the seller, a local private investor, in the transaction. Greg Bedell and Lance Mordachini of Progressive Real Estate Partners represented the buyer. The property is situated adjacent to a shopping center that is leased to tenants including In-Shape, PetSmart, Banfield Pet Hospital, …
Springfield, Ill. — Marcus & Millichap has negotiated the $2.4 million sale of a 4,480-square-foot single-tenant property located in Springfield. IHOP occupies the building. The property is situated just north of Capital City Shopping Center, which is occupied by tenants including AMC, Big Lots, Panera Bread and McDonald’s. Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, a limited liability company. Steven Weinstock of Marcus & Millichap assisted in closing the transaction, including a triple-net lease with a franchisee and 10 percent rental increases every five years.
Winter Park, Fla. — SRS Real Estate Partners has brokered the $7.7 million sale of a 29,987-square-foot single-tenant retail property located in Winter Park, a suburb of Orlando. Crunch Fitness occupies the property, which is situated on 3.7 acres, on a 15-year triple-net lease. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based investment and development group, in the transaction. The buyer was a Florida-based private investor.
Boston — Ironside Realty has acquired a 3,300-square-foot single-tenant property located in downtown Boston. 7-Eleven occupies the property on a net-lease basis. A broker represented the undisclosed seller in the transaction, and Ironside was self-represented.
Huntsville, Ala. — Hanley Investment Group Real Estate Advisors has brokered the sale of a 1,725-square-foot single-tenant property located in Huntsville. Strickland Brothers 10 Minute Oil Change occupies the newly constructed property, which is situated within a Publix-anchored shopping center, on a net-lease basis. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the developer and seller, N3 Real Estate. Andy Shipp of Sovereign Partners LLC represented the buyer, a private investor.
Fountain Inn, S.C. — Marcus & Millichap has arranged the $7.3 million sale of a 4,650-square-foot single-tenant property located in Fountain Inn. 7-Eleven occupies the newly constructed property on a 15-year net lease with a corporate guarantee. Austin Weisenbeck, Sean Sharko and Timothy Nichols of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, a limited liability company. Benjamin Yelm of Marcus & Millichap assisted in closing the sale as the South Carolina broker of record.
Los Angeles — Hanley Investment Group Real Estate Advisors has brokered the $3.3 million sale of a single-tenant property located in Los Angeles. Starbucks Coffee occupies the 1,486-square-foot building, which was built in 2017 on a 0.3-acre parcel, on a triple-net-lease basis. Jeff Lefko and Bill Asher of Hanley represented the seller in the transaction. Ryan Sharpe of Kidder Matthews represented the buyer.
Norcross, Ga. — Ackerman Retail, a division of Ackerman & Co., has facilitated the sale of a 4,200-square-foot absolute triple-net Chick-fil-A ground lease located in Norcross, roughly 20 miles outside Atlanta. Constructed in 1998, the property was renovated in 2018. Sean Patrick of Ackerman Retail represented the seller, an entity doing business as WB Holdings-Jimmy Carter Boulevard, in the transaction. A local private buyer acquired the ground lease.
Lutz, Fla. — SRS Real Estate Partners has arranged the $13.6 million sale of a 42,311-square-foot single-tenant retail property in Lutz. EoS Fitness occupies the building on a 15-year triple-net lease. Situated on 3.9 acres, the property is located within Cypress Ranch, a 164-acre mixed-use development. Upon completion, Cypress Ranch will feature 11 freestanding retail parcels. Tenants at the parcels will include Chick-fil-A, ALDI and Panda Express. Patrick Nutt and William Wamble of SRS represented the seller, Barclay Group. A California-based buyer acquired the property in a 1031-exchange transaction.