Tag: Virginia

Calkain Companies Sells $3.8M BB&T Bank for 4.84% Cap Rate

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a NNN BB&T Bank Ground Lease in Front Royal, Virginia.

Fernandez represented the seller in the sale of the property, providing marketing and transaction support to guide the deal from negotiating offers to closing.  The buyer viewed the ideally situated real estate and credit strength of the tenant as the critical factors in acquiring the property.

Calkain’s national reputation as the leading provider of net lease investments draws investors from around the globe. We were able

Emily CusmanoCalkain Companies Sells $3.8M BB&T Bank for 4.84% Cap Rate

Bank ground lease sells for $7 million, or $1,772 per square foot

Virginia Business

Calkain Cos. reports that it recently represented the seller of a Middleburg Bank ground lease in Ashburn in a transaction that brought $7 million or about $1,722 per square foot.

The purchaser was a large 1031 exchange buyer. According to Calkain, the bank property, an outparcel to the Giant-anchored Ashburn Farm Market Center, is subject to a long-term ground lease with favorable terms and structured rent escalations.

Middleburg Bank is a community bank that has been in business since 1924, operating 12 locations throughout Northern Virginia.

“The sale of the Middleburg Bank [ground lease] reflects the strength of the greater

AmyBank ground lease sells for $7 million, or $1,772 per square foot

Calkain Companies Sells $3.6M Richmond Virginia Car Wash for 6.10% Cap Rate

Herndon, VA – Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a NNN Retail Property in the thriving Short Pump area of Richmond Virginia.

Calkain’s Rick Fernandez, Senior Managing Director represented the seller in the sale of the property, providing marketing, transaction support and…

Mike VangsnessCalkain Companies Sells $3.6M Richmond Virginia Car Wash for 6.10% Cap Rate