Triple Net Lease Asian Investors Pick Safe Havens of U.S

Triple Net Lease Market News 

Triple Net Lease Asian Investors Pick Safe Havens of U.S

Calkain Companies, a real estate investment brokerage firm, recently facilitated the sale of a net leased hospice located in Winter Haven, FL. This transaction marks the first closing in Calkain's international partnership with Platinum Investment Corporation, headquartered in Shanghai, China. This partnership was formed in the fall of 2012 and is committed to opening the global net leased investments to the Asian investor looking to the United States for passive cash flow and property ownership. The property, an 8,000+/- SF medical site, is well located on a signalized corner and had a 10 year lease with annual increases. The buyer assumed attractive financing terms offered by the seller's bank. Calkain's Asset Management Division was retained to manage the property for the foreign investor.

Associate Teal Henderson represented both the seller and the buyer in this transaction. "This closing is the beginning of a historical relationship and new venture for Calkain. We are looking forward to a very successful and long term partnership with Platinum Investment Corporation. As we educate investors in this demographic and their appetite grows, they are quickly becoming purveyors of the net lease product. We have been able to swiftly work through language and culture barriers, in addition to, a large time zone difference to close the first deal and we have already begun working on new transactions." Henderson commented.

Calkain Companies is a boutique commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant retail, industrial, hotel and office net leased transactions. While licensed to conduct business in many states, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.

Triple Net Leased Clients Acquired Three Separate Net lease Transactions

Triple Net Lease Market

Andrew Fallon of Calkain Companies, a national real estate investment brokerage firm, successfully completed three separate net lease transactions in which private clients acquired passive real estate investment properties. Two of the properties were located in Virginia and one in Tampa, FL. The properties acquired were leased on a long-term, triple net basis to the national tenants 7-Eleven Inc. and Childtime Learning Centers. Calkain's Andrew Fallon, Assistant Vice President, facilitated each transaction providing client representation and advisory services to the buyers, who each had different investment objectives and motivation.

7-Eleven, Norfolk, VA A Northern Virginia real estate investor, who was seeking passive income from a credit tenant, purchased a NNN ground lease in Virginia Beach, VA. The 0.81 acre property is leased to 7-Eleven, Inc. for a term of 20 years with structured rent increases. The tenant made significant improvements to the property in 2007, including a 3,000 square foot convenient store and a 1,600 square foot pump island canopy with four MPDs. As a NNN ground lease, this investment requires that 7-Eleven pay for real estate taxes, insurance, and maintenance expenses

Childtime Learning Center, Midlothian, VA Calkain provided advisory and transaction support services to a private Northern Virginia investor who was interested in acquiring a net lease child care facility. The investor purchased a well-positioned, single-story daycare center located near the Chesterfield Towne Center in Midlothian, VA. The 6,380 square foot property is leased to and operated by Childtime Learning Center, who provides a corporate guaranty for the lease obligations. The existing and established tenancy, coupled with the location and low rent attracted the investor interest.

Confidential Property, Tampa, FL As part of a 1031 exchange purchase, Calkain's private investor client acquired a retail building leased and occupied solely by an national, investment-grade tenant. The developer-seller fully renovated the property in 2011 to accommodate the tenant, who will operate under a 10-year NNN lease which will provide passive income to the investor. Calkain's Managing Director, Patrick Nutt represented the developer-seller in the transaction.

Calkain is a full service real estate investment brokerage firm with a national scope focusing on single and multi-tenant retail, industrial, hotel and office net-leased transactions as well as asset management, tax planning, and advisory services.

 Calkain has offices in Reston, VA (Washington, DC), Tampa, FL, Bethesda, MD, Wilmington, DE and Boston, MA. Additional information about the firm and its listings may be found at www.calkain.com.

Triple Net Lease Blue Cross/Blue Shield in Florida Sold

Triple Net Lease News

Calkain Companies, a national real estate investment brokerage firm, recently completed the sale of a 5,170 SF investment property leased to Blue Cross/Blue Shield of Florida on a long-term, triple net (NNN) basis. The purchaser was a private investor from New York seeking a passive, incoming-producing asset leased to a credit tenant. The property is an outparcel to the Sawgrass Mills Mall.  The sale price of $4,800,000 equates to $928.43 per square foot which exemplifies the strong desire for triple net leased assets in today’s investment market. 
David Sobelman, Calkain’s Executive Vice President, personally represented the seller of the build-to-suit asset in Broward County, FL.  Sobelman stated, “Calkain has consistently proven that its systematic approach in helping clients procure Triple Net Lease transactions ultimately sets the market for value.  This asset, even with its high price per square foot, generated multiple offers from purchasers around the US and from three other countries.  Selling at 99.43% of the asking price, Calkain’s efficient approach was confirmed with this transaction.”
The transaction closed within the last thirty days and is recorded in the public record.
Calkain is a full service real estate investment brokerage firm with a national scope focusing on single and multi tenant retail, industrial, hotel and office net-leased transactions as well as asset management, tax planning, and advisory services.  Calkain has offices in Reston, VA (Washington, DC), Tampa, FL, Bethesda, MD, Wilmington, DE and Boston, MA.  Additional information about the firm and its listings may be found at http://www.calkain.com/