Lovingston, VA, January 24, 2015 --(PR.com
)-- Calkain Companies recently completed the sale of a new Family Dollar location in Lovingston, Virginia. The $1.6Mil sale price represented full asking price for the property. This was the result of multiple offers in a very competitive bidding process. Calkain’s Rich Murphy, Managing Director, and Nick Adler, Asset Manager, represented the seller of the property. Adler commented, “We are seeing a significant uptick in interest in dollar store properties, especially like Lovingston, which was a relocation of a successful inline store.” Murphy added, “This buyer, who was in a 1031 exchange, represents the prototype buyer for this sort of passive, investment grade credit long term lease.” The buyer was represented by Doug Pason at Fortis Net Lease.
Calkain Companies is national commercial real estate firm that provides consulting and brokerage services to both private and institutional clientele with real estate expertise in the triple net lease investment arena. We measure ourselves on being a world class leader by providing our clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, estate planning and wealth management. Calkain Companies 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.