Learn more about this property online at:
https://www.colliers.com/p-usa1117066
https://www.colliers.com/p-usa1117066
- Sold
Sales Price: $3,358,000
Cap Rate: 5.25%
Guarantor: Credit: A-
Term Remaining: 10 years
Rate Increases: 10% every 5 years
Work with a specialist. A repeat client was working with M&M to sell his down-leg. Despite the competition's efforts to win the trade assignment, our client decided to work with NLX because of our focus on buyside representation. After multiple false starts on the sale of their strip center, NLX knew the client's exact criteria and sourced the perfect deal weeks before client closed their down-leg.
Property Details
Transaction Details
- 11/22/2022
- A newly constructed bank branch, this was a relocation of two, recently closed branches with a combined deposit base of $150M, which is twice the national average. Affluent trade area with average household incomes exceeding $194k within a 1-mile radius. ALDI had just agreed to a lease for a build to suit next door to the subject property.
