Tag: Urban

Fallon and Fernandez Sell 7-Eleven Anchored Retail Condos at The Solea in Washington, DC for 5.42% Cap Rate

Herndon, VA – The Calkain Urban Investment Advisors team of Andrew Fallon and Rick Fernandez have recently completed the sale of the 7-Eleven anchored retail condos located at 2300 14th Street NW in Washington, DC for $4,395,000, a 5.42% cap rate. The 4,728 square foot retail property at The Solea Condominiums is 100% NNN leased to 7-Eleven, Logan Title and Knot Standard.

The buyers, an investment group from China, paid cash for the asset and closed within a 45 day escrow.

Calkain’s marketing platform reaches investors from across the globe and foreign investors are becoming more and more prevalent in

Emily CusmanoFallon and Fernandez Sell 7-Eleven Anchored Retail Condos at The Solea in Washington, DC for 5.42% Cap Rate

Fernandez & Fallon Deliver Buyer for 1132 19th Street NW Washington DC Three Floor Retail Sells for $6,425,000 $1,168 PSF

The Calkain Urban Investment Advisors team of Rick Fernandez and Andrew Fallon have just sold the building located at 1132 19th Street NW Washington, DC for $6,425,000 or $1,168 psf. The 5,500 square foot multi-level restaurant is 100% NNN leased to Bonfire, the latest by Provision 14’s Social Restaurant Group.…

Mike VangsnessFernandez & Fallon Deliver Buyer for 1132 19th Street NW Washington DC Three Floor Retail Sells for $6,425,000 $1,168 PSF

Restaurant Space Sells For $1,169 Per SF | Lingerfelt Expands VA Footprint

GlobeSt.com

WASHINGTON, DC—1132 19th St., NW, the erstwhile home of 70 years of Famous Luigi’s, has traded or $6.4 million, or $1,168 per square foot. The property was listed by Calkain Urban Investment Advisors’ Rick Fernandez and Andrew Fallon earlier this year in March, at an asking price of $6.5 million.

The property is a single-use, multi-level restaurant that was leased last year to Bonfire, a new restaurant by Provision 14’s Social Restaurant Group. Bonfire opened several weeks ago.

The 15-year lease has structured rent increases of 3% a year.

GlobeSt.com

AmyRestaurant Space Sells For $1,169 Per SF | Lingerfelt Expands VA Footprint