Buyers & Sellers
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Buyers & Sellers

Coldwell Banker Commercial has the listing to sell a 9 975 sq.ft. built-to-suit structure on 1.19 acres at the Palm Harbor Center located on Florida Park Drive in Palm Coast FL at an asking price of $90 psf for the building and $275 000 for the land. The property is zoned C-1 commercial office/retail. The company also has the listing to sell 1.8 acres of land on Boulder Rock Road in Palm Coast FL for an asking price of $900 000. The parcel is located across from the future site of a Home Depot north of Perkins and is zoned C-2 retail/commercial. The company also has the listing to sell 5.5 acres of land at the intersection of U.S. 1 and Pine Tree Drive in Ormond Beach FL for $550 000. The parcel is zoned B-2 commercial. Coldwell Banker Commercial additionally has the listing to sell a two-acre parcel of land at the intersection of U.S. 1 and Coquina Avenue in Ormond Beach FL for $300 000. Zoning at the property which receives an average daily traffic count of 15 700 vehicles allows for most commercial development.

For more information on the Palm Coast FL properties contact Cornelia Manfre One Corporate Drive Suite 1N Palm Coast FL 32137; 386-447-4944 Fax 386-447-4966; Email: cmanfre@cbcnwr.com. For more information on the Ormond Beach parcels contact Jay Welcom 386-447-4944; Fax 386-447-4966; Email: jwelcom@pcfl.net; Web site: www.cbc-florida.com.

Captec has the listing to sell the Vicorp Restaurant located at 1906 Rue Street in Council Bluffs IA at an asking price of $1.376 million with a Cap rate of 9%. The 5 830 sq.ft. restaurant sits on a land area of 40 974 sq.ft. and shows an NOI of $123 864. The company also has the listing to sell Sterling Jewelers located at 3691 East Main Street in Charles IA at an asking price of $2.656 million with a Cap rate of 9%. The 6 163 sq.ft. store sits on a land area of 46 325 sq.ft. and shows an NOI of $239 096.

For more information contact Siobhan Lyle Captec 24 Frank Lloyd Wright Drive Lobby L Fourth Floor PO Box 544 Ann Arbor MI 48106; 734-994-5505 Fax 732-214-2701; Web site: www.captec.com.

Harbor View Properties is seeking shopping centers and retail properties in the northeastern U.S. from the Carolinas to New England for a 1031 Exchange. The company also is looking in the midwest for acquisitions in the range of $5 million to $7 million and prefers properties with Cap rates of 10% or more. Centers requiring leasing management and capital improvements are of interest.

For more information contact Dale Kaufteil Harbor View Properties 2406 Boston Post Road Larchmont NY 10538; 914-834-4488 Fax 914-834-8065; Email: dk@hvp.com.

CC Realty Fund II Ltd. acquired the 80 533 sq.ft. Sunset Shopping Center in Rocky Mount NC. The center anchored by Office Depot is located on South Wesleyan Boulevard.

For more information contact Frank A. Banko CC Realty Advisors Inc. 3637 Washington Road Suite 2 McMurray PA 15317; 724-942-4810 Fax 724-942-4812; Email: fbanko@ccrealtyadvisors.com; Web site: www.ccrealtyadvisors.com.

 

Turner Net Lease Properties Inc. is seeking to acquire on behalf of a client older Publix-anchored shopping centers in FL with three to seven years left on the Publix leases.

For more information contact Gary Turner Turner Net Lease Properties Inc. 200 Ocean Avenue Suite 203 Melbourne Beach FL 32951; 321-952-2894 Fax 321-952-8967; Email: gary@turnernetlease.com.

Grubb & Ellis has the listing to sell the 119 866 sq.ft. Meeker Square located at 1310 West Meeker in Kent WA. The Quality Food Centers-anchored center has an average daily traffic count of 94 000 vehicles and a population of 190 637 residing in a five-mile radius earning an average household income of $76 533.

For more information contact Craig E. Hill Grubb & Ellis 11711 Southeast 8th Street Suite 303 Bellevue WA 98005; 425-467-2574.

iCap Realty Advisors has the listing to sell the 232 349 sq.ft. Westlakes Mall located at 1401 Southwest Loop 4100 in San Antonio TX. The listing includes 15.2 acres of land adjacent to the mall. The project has an inline occupancy of 78.9% and an overall occupancy of 42.5% reflecting a 107 281 sq.ft. vacant Montgomery Ward’s store. The mall is connected to a Target location and is adjacent to a HEB grocery store. Westlakes Mall is tenanted by Eckerd Radio Shack Luby’s Cafeteria Payless Shoes and Waldenbooks.

For more information contact iCap Realty Advisors 5335 Spring Valley Road Dallas TX 75254; 972-661-3120 Fax 972-239-6298; Web site: www.iCapRealty.com.

Portland Commercial Real Estate Services is seeking a NNN-leased property being marketed in the $1.3 million to $2 million price range to complete a 1031 Exchange. The company is looking for a lease term of 20 years with options and a Cap rate between 8.25% and 9%. Portland Commercial cites IHOP 7-Eleven and Jack in the Box as suitable tenants.

For more information contact Glen R. Fotre Portland Commercial Real Estate Services 7790 SW 88th Avenue Portland OR 97223; 503-245-6112 Fax 503-245-6738; Email: glen@ccim.net; Web site: www.portlandcommercial.com.

Commercial Net Lease is marketing the sale of several single-tenant NNN properties ranging from $900 000 to $15 million with restaurant and retail users.

For more information contact Jay Bastian Commercial Net Lease 450 South Orange Avenue Suite 900 Orlando FL 32801; 407-650-1144 Fax 407-650-1046; Email: jay_bastian@cnlreit.com; Web site: www.1031exchangefund.com.

Besen & Associates has the listing to sell a Pizza Hut in Bonifay FL at an asking price of $1.186 million. The Pizza Hut has a 20-year NNN lease with four five-year options and an annual rent of $100 826.

For more information contact Michael Sokolow Besen & Associates 381 Park Avenue South New York NY 10016; 212-689-8488 Ext. 26; Email: msokolow@besenassociates.com.

AG Armstrong Development LLC has the listing to sell a 40 000 sq.ft. outlot on the corner of U.S. Highway 41 and Bayshore Road in Port Charlotte FL at an asking price of $700 000. The parcel is located adjacent to the Publix-anchored Town ‘N Country Plaza.

For more information contact Valerie Daoust AG Armstrong Development LLC 13801 North Dale Mabry Highway Suite 200 Tampa FL 33618; 813-265-4500 Fax 813-265-4544.

Carolina Commercial Realty Inc. has the listing to sell a 9 000 sq.ft. shopping center in Greensboro NC at an asking price of $800 000. The 100% leased one-year-old center is being offered at an 11% Cap rate.

For more information contact Alan Weidt Carolina Commercial Realty Inc. 6001 Thistle Trace Greensboro NC 27410; 336-286-9867; Email: aweidt@ccim.net.

Colliers International Commercial Real Estate Services is seeking to acquire a single-tenant property in the Houston TX market with a minimum lease term of 10 years. The company is looking for NN or NNN properties.

For more information contact Christopher D. Winters Colliers International Commercial Real Estate Services 1300 Post Oak Boulevard Suite 225 Houston TX 77056; 713-830-2106 Fax 713-986-4406; Web site: www.collierstexas.com.

ECCO Real Estate Investments Inc. is seeking properties nationwide for a 1031 Exchange. The company prefers single tenant NNN or bond-leased properties with at least 15 years remaining on the lease.

For more information contact Gerd Behnke ECCO Real Estate Investments Inc. 1432 SW Knollwood Drive Palm City FL 34990; 561-221-7878 Fax 561-221-2141; Email: ecco@realestate.com; Web site: www.eccorealestate.com.