Wheaton, IL, September 26, 2014 --(PR.com
)-- First Capital Advisors (FCA) completed its second fully realized retail investment in Greeley, Colo.
In a joint-venture partnership with Embree Capital Markets Group, a Texas-based developer, acquisition, and asset management group, FCA participated in the development of a 7,657 square foot single tenant net leased building situated on a 1.3 acre lot. The building is triple net leased to Fresenius Medical and sold on September 11, 2014, for $3,664,330 representing a 7.16% cap rate.
“Embree Capital Markets has a proven track record on retail assets,” said Chris Pope, Principal at FCA. “It’s great to have completed another successful project with them as we continue to build this relationship.”
First Capital Advisors, LLC is a fully integrated, self-administered and self-managed real estate investment firm focusing on the acquisition, ownership, and management of high quality real estate throughout the United States. First Capital is an affiliate of First Trust Portfolios L.P., a financial services firm founded in 1991. Additional information about First Capital Advisors can be found at the company’s website at fca-grp.com.