Calkain Brokers $8.3M Multi-Tenant Retail in Desirable Loudoun County

Sterling, VA, August 16, 2014 --(PR.com)-- Calkain Companies’ Betty Friant, Managing Director, represented a private investor in the purchase of a 19 tenant building located at 23520 Overland Drive in Sterling, Virginia. Calkain’s Jeff Bogart, Director, and Jonathan Florin, Director, represented the seller in the transaction. Friant commented, “The combination of pricing and the value added opportunity appealed to this investor. He appreciated the quality location and was drawn to the investment due to the very real potential for increases in existing rents and the possibility of securing new tenants for the vacant space. After comparing this property to other centers that were on the market for sale, the benefits of the upside made it an asset worth pursuing.” Strategically located along the expanding Route 606 corridor between Route 50 and Route 28, the site offers high average daily traffic counts and a diversified tenant mix including Papa John’s, Subway, and Capital Jiu Jitsu. Florin added, “We consistently see interest in this area due in large part to the fact that Loudoun County consistently ranks as the highest income county in the US.“

Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. 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.