Tag: Fernandez

Calkain Represents Top DC Developer in Sale of NC Walgreens at a 5.51% Cap

Herndon, VA – Andrew Fallon and Rick Fernandez of Calkain Companies completed the sale of a NNN Walgreens in Garner, North Carolina on behalf of one of DC’s top area developers. Calkain previously worked with the client in the acquisition of this asset, having been provided investment criteria of obtaining a liquid NNN property. More recently, Calkain listed the property and was able to procure a 1031 exchange buyer, quickly re-selling the Walgreens for just over $5 million with a 5.51% cap rate.

Fallon, Executive Managing Director, commented,

We were confident in our ability to generate a good deal for

Emily CusmanoCalkain Represents Top DC Developer in Sale of NC Walgreens at a 5.51% Cap

Rick Fernandez of Calkain Companies Sells $2.65M Children of America Daycare

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a triple net lease Children of America daycare center in Bealeton, Virginia.

Fernandez represented the seller, providing marketing and transaction support to guide the deal from negotiating offers to closing. Fernandez commented,

Calkain’s national reputation as the leading provider of net lease investment properties draws investors from around the globe and we were able to secure multiple offers providing our client with the most favorable closing options.”

The buyer viewed the location and long operating history …

Emily CusmanoRick Fernandez of Calkain Companies Sells $2.65M Children of America Daycare

Fallon and Fernandez to Sell Prime Washington, DC Mixed-Use Real Estate

Herndon, VA – Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director of Calkain’s Urban Investment Advisors, have been retained to sell the first and second floor units within the Tenley Hill Condominium. This premier mixed-use property is LEED Certified, 3 star rated, and located at 4719-4731 Wisconsin Avenue, NW, Washington, DC.

Tenley Hill is a 38 unit mixed-use development featuring modern upscale building treatments.

Fallon commented,

The units are 100% leased and include a dedicated lobby for the commercial space, public conference room, a private 24-space parking garage and storage areas to meet the needs of the

Emily CusmanoFallon and Fernandez to Sell Prime Washington, DC Mixed-Use Real Estate

Rick Fernandez of Calkain Companies Sells $2.3M Franchise Dairy Queen for 6.00% 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 Dairy Queen in Franklin, Virginia.

Our marketing approach continues to yield industry leading cap rates,” said Fernandez.

“Calkain’s national reputation as the leading provider of net lease investments draws investors from around the globe and we were able to secure multiple offers providing our client with the most favorable closing options,” Fernandez continued.

Fernandez represented the seller in the sale of the property, providing marketing and transaction support to guide the deal from negotiating …

Emily CusmanoRick Fernandez of Calkain Companies Sells $2.3M Franchise Dairy Queen for 6.00% Cap Rate

Calkain’s  Fernandez Sells Second Two Property Arby’s Portfolio for $4.27M

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of NNN Arby’s in South Hill, Virginia and Wake Forest, North Carolina to a publicly traded REIT.

Fernandez represented the seller in this off market transaction providing lease analysis, site review, and transaction support to guide the deal to closing.

The combination of solid, well positioned real estate within a vibrant retail mix and a strong Arby’s franchise operation were all key factors in the buyer’s decision to acquire the property,” said Fernandez.

The transaction closed within …

Traci BidingerCalkain’s  Fernandez Sells Second Two Property Arby’s Portfolio for $4.27M

Calkain’s Rick Fernandez Sells Virginia Applebee’s at a 5.42% 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 Applebee’s Ground Lease in Front Royal, Virginia for $1.925M.

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 acquired the property as part of a 1031 exchange.  The ideally situated real estate and strong franchise operation provided the long term value and security the buyer desired for their investment property.

“Our marketing approach continues to yield industry …

Traci BidingerCalkain’s Rick Fernandez Sells Virginia Applebee’s at a 5.42% Cap Rate

Calkain’s Fallon and Fernandez Sell $3.9M Two Tenant NNN Mount Vernon Triangle Real Estate

The Calkain Urban Investment Advisors team of Andrew Fallon, Executive Managing Director, and Rick Fernandez, Senior Managing Director, recently brokered the sale of 433 Massachusetts Avenue NW, Washington, DC, a prominent retail property in Mount Vernon Triangle.  The property sold for $3.9M, a 5.38% cap rate on net operating income.  The 5,021 square foot building is 100% NNN leased to Le Pain Quotidien and Solidcore, a fitness studio.  The New York based buyers acquired the property as part of a 1031 exchange.

The massive amount of redevelopment in and around Mount Vernon Triangle was a key factor in the successful …

Traci BidingerCalkain’s Fallon and Fernandez Sell $3.9M Two Tenant NNN Mount Vernon Triangle Real Estate

Calkain’s Fernandez Sells North Carolina Arby’s Portfolio for $3.45M

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of two North Carolina NNN Arby’s – one in Rocky Mount and the other in Roanoke Rapids. The two properties sold this week for a combined purchase price of $3,450,000.

Fernandez represented the seller providing marketing, lease analysis, site review, and transaction support for offer and contract negotiations to guide the deal to closing. The buyer viewed the solid real estate and sales history at the stores, along with Arby’s strong corporate growth as the critical factors …

Emily CusmanoCalkain’s Fernandez Sells North Carolina Arby’s Portfolio for $3.45M

Calkain’s Fernandez Sells $4.15M Wells Fargo Bank

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 Wells Fargo Bank ground lease in Front Royal, Virginia.

Fernandez represented the seller, providing site review, lease analysis, marketing, offer and contract negotiations along with transaction support to guide the deal to closing.  The buyer viewed the signalized corner location on Front Royal’s prime retail corridor and credit strength of the tenant as the critical factors in acquiring the property.

Calkain’s national reputation in net lease and global marketing efforts draws investors from around

Emily CusmanoCalkain’s Fernandez Sells $4.15M Wells Fargo Bank

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