Columbus, GA, January 24, 2015 --(PR.com
)-- Calkain Companies recently brokered the sale of The Georgia Military College, Columbus campus building for $4,723,224, representing a 8.42% cap rate. The Georgia Military College is a liberal arts junior college with nine satellite campuses all of which are publicly funded by the State of Georgia.
"This was an off-market transaction and one that was not in most investors' wheelhouse," said Doug Aronson, Director, who represented the seller in the transaction. "It proves that if you're looking for yield, a decent amount of lease term and a strong guarantor, you have to be willing to look off Main Street." Georgia Military College was two years into a 10-year lease with options. The school had recently relocated to its present campus from another location across town.
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.