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
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
Herndon, VA – Calkain Companies’ Andrew Fallon, Executive Managing Director, recently represented the seller of the Middleburg Bank ground lease in Ashburn, VA. The bank property, an outparcel to the Giant-anchored Ashburn Farm Market Center, is subject to…