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Buyers & Sellers
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Buyers & Sellers Antonoff & Co. Brokerage, Inc. is selling land areas of 3.05 acres and 4.84 acres at the intersection of Interstate 70 and Towers Road in Aurora, CO. The 4.84-acre site is selling for $945,263, while the 3.05-acre site is selling for $597,083. The site has an average daily traffic count of 45,463 vehicles. Area demographics include a population of 148,867 within five miles earning $55,760 as the average household income. For more information, contact Steve Sebern or Gene Stone, Antonoff & Co. Brokerage, Inc., 1528 Wazee Street, Denver, CO 80202; 303-623-0200, Fax 303-454-5400; Emails: ssebern@antonoff.com and gstone@antonoff.com.
Sperry Van Ness sold a 24,049 sq.ft. Staples Superstore located on South Washington Street in Crawfordsville, TX for $2.895 million. The buyer was R.P. Wurster, L.P. The building is situated on a land area of 1.96 acres. For more information, contact David Ebeling or Megan Monfort, Sperry Van Ness, 18881 Von Karman Avenue, Suite 800, Irvine, CA 92612; 949-225-1883, Fax 949-225-1894; Emails: david.ebeling@svn.com and megan.monfort@svn.com; Web site: www.svn.com.
Murphy Commercial Realty, Inc. is selling a 6,586 sq.ft. building located on Gulf Boulevard in Pinellas County, FL for $1.3 million. For more information, contact Patti Laubaugh, Murphy Commercial Realty, Inc., 513 North Belcher Road, Suite A, Clearwater, FL 33765; 727-736-0202, Fax 727-736-0302.
Eshenbaugh Land Co. is selling a land area of four acres on Winter Springs Boulevard in Oviedo, FL for $2.1 million. The company also is selling a land area of 7.75 acres located at the intersection of Adamo and U.S. 41 in Tampa, FL. The company also is selling a land area of two acres at the intersection of Sleepy Hill and Mall Road in Lakeland, FL. The company also is selling eight lots with land areas of 0.75 acres to 1.3 acres at the intersection of State Route 60 and Mulrennan Road in Valrico, FL. The company also is selling a land area of 11.58 acres at the intersection of Park Street and East Alsobrook in Plant City, FL for $2.5 million. For more information, contact William Eshenbaugh, Eshenbaugh Land Co., 2502 North Rocky Point Drive, Tampa, FL 33607; 813-287-8787, Fax 813-287-8785; Email: bill@thedirtdog.com.
Harbert Realty Services is selling the following sites throughout FL: a 1.38-acre site located in Apopka for $910,000; 0.96 acres located in Cocoa for $1.29 million; 2.69 acres located in Daytona Beach for $1.075 million; 1.41 acres located in Deland for $1.25 million; 1.06 acres located in Lake Buena Vista for $1.28 million; one acre located in Panama City for $755,000; 1.71 acres in Vero Beach for $3.65 million; 0.95 acres in Vero Beach and 1.23 acres in Zephyrhills for $1 million. For more information, contact Harbert Realty Services, 2301 Lucien Way, Suite 323, Maitland, FL 32751; 407-660-2449.
Capital Realty Advisors, Inc. is selling Spring Park Plaza Shopping Center, a 136,604 sq.ft. center located in Denham Springs, LA for $7 million with a Cap rate of 9.37%. Tenants include Rite Aid, Dollar General, Radio Shack and Wells Fargo Financial. For more information, contact Donna McDonald, Capital Realty Advisors, Inc., 600 Sandtree Drive, Suite 109, Palm Beach Gardens, FL 33403; 561-624-5888, Fax 561-624-5827; Email: dmcdonald@capitalrealtyadvisors.com; Web site: www.capitalrealtyadvisors.com.
Marcus & Millichap National Retail Group is selling Chamberlain Plaza, a 29,730 sq.ft. center located on the northeast side of Louisville, KY for $5.7 million with a Cap rate of 7.82%. The center is situated on a land area of three acres. Area demographics include a population within five miles earning $87,000 as the average household income. The company also is selling a Sprint Store located in Indianapolis, IN for $1.067 million with a Cap rate of 8.50%. The 3,299 sq.ft. building is situated on a land area of 0.67 acres. The site has an average daily traffic count of 35,500 vehicles. For more information, contact Brian T. Southworth, Marcus & Millichap National Retail Group, 101 West Ohio Street, Suite 1550, Indianapolis, IN 46204; 317-955-2600, Fax 317-955-0091; Email: bsouthworth@marcusmillichap.com.
K.W.L. Investments is selling a 14,520 sq.ft. CVS Pharmacy located in West Palm Beach, FL for $5.3 million. There are 22 years left on the lease with three, five-year options. For more information, contact Kent Landers, KWL Investments, LLC, 407 Beech, Vancouver, WA 98661; 360-573-1441.
Century 21/John C. Thomas Realty is selling a land area of 19 acres on U.S. Highway 27/441 in Lady Lake, FL. For more information, contact Ann Ford, Century 21/John C. Thomas Realty, 352-636-8336; Email: aford@earthlink.net.
Pointe Development Co. is selling Promenade at North Market, a 24,383 sq.ft. center located at the intersection of Highway 17 and Old Eastwood Road in Wilmington, NC, for $6.778 million with a Cap rate of 7.75%. The site is situated on a land area of 1.92 acres. For more information, contact Lauren Gralnik, Pointe Development Co., 1111 Kane Concourse, Suite 401F, Bay Harbor Islands, FL 33154; 305-865-1923, Fax 305-865-3434; Email: lgranik@pointecompanies.com.
Palmer & Cay Properties, Inc. is selling a 43,800 sq.ft. Publix-anchored center located in Orlando, FL for $7.9 million. For more information, contact Charles R. Stewart, Palmer & Cay Properties, Inc., 2 East Bryan Street, Suite 400, Savannah, GA 31401; 912-234-8033, Fax 912-238-3548; Email: cstewart@palmercayproperties.com.
Capital Pacific is selling the following sites: a 24,000 sq.ft. Staples located on North 11th Avenue in Hanford, CA for $6.763 million; a 9,600 sq.ft. Hollywood Video located on West Lacey Boulevard in Hanford, CA for $2.404 million; a 24 Hour Fitness located on North Scottsdale Road in Scottsdale, AZ for $12.35 million; a 2,940 sq.ft. 7-Eleven located on East Hebron Parkway in Carrollton, TX for $1.685 million; a 13,357 sq.ft. Sav-on Drugs located at the intersection of Mount Vernon Avenue and Barton Road in Grand Terrace, CA; a 3,333 sq.ft. Oscars Restaurant located on Brawley School Road in Mooresville, NC for $1.26 million; an 11,600 sq.ft. Eckerd store located on Liberty Street in Franklin, PA for $1.75 million and a 6,000 sq.ft. Dollar Tree located on 9th Street in Crescent City, CA for $1.46 million. For more information, contact Chris Kostanecki, Capital Pacific, Four Embarcadero Center, Suite 2570, San Francisco, CA 94111; 415-274-2700, Fax 415-274-2710; Web site: www.capitalpacific.com.
Zar Property is looking to acquire anchored centers nationwide with a minimum of 100,000 sq.ft. The company will acquire stable or underperforming properties, as well as value-added and redevelopment opportunities. For more information, contact Dario Zar, Zar Property, 49 West 37th Street, New York, NY 10018; 212-944-7979, Fax 212-704-0462; Email: dario@zarpropertyny.com.
DJM Asset Management is selling a 47,192 sq.ft. Winn-Dixie supermarket in Oviedo, FL. The freestanding building is situated on a land area of 8.5 acres. The company also is selling a land area of 6.10 acres at the intersection of Griffin Road and U.S. 441 in Hollywood, FL. For more information, contact James Avallone, DJM Asset Management, LLC, 445 Broad Hollow Road, Suite 417, Melville, NY 11747; 631-752-1100, Fax 631-752-1231; Email: javallone@djmasset.com.
The Wilder Cos. acquired The Days Inn Orlando on Sand Lake Road in the Dr. Phillips area of Orlando, FL. Plans call for the hotel to be demolished and the land to be used to build The Rialto, a mixed-use development of specialty retail, luxury residences and office space. The 350,000 sq.ft. Rialto will consist of approximately 20 shops, fine dining restaurants and cafes, 200 deluxe condominiums and nearly 40,000 sq.ft. of office space. The center will be situated on a land area of 13 acres. For more information, contact The Wilder Cos., 300 Massachusetts Avenue, Boston, MA 02115; 617-247-9200, Fax 617-247-4044.
CB Richard Ellis, Inc. is selling a four-tenant, 8,580 sq.ft. site located on East State Street in Redlands, CA for $2.95 million with a Cap rate of 5.64%. The company also is selling Vineyard Plaza, a 64,274 sq.ft. center located on Oxnard Boulevard in Oxnard, CA for $16.95 million with a Cap rate of 6.28%. The center is situated on a land area of 5.47 acres. Tenants include Circle K, Carl’s Jr., H&R Block and Santa Barbara Bank & Trust. The company also is selling Village Square, a 35,603 sq.ft. center located on Greenleaf Avenue in Whittier, CA for $2.75 million. Area demographics include a population of 142,577 within three miles earning $65,285 as the average household income. The company also is selling a 16,588 sq.ft. center located on Harbor Boulevard in Costa Mesa, CA for $4.195 million with a Cap rate of 6.50%. The center is currently 100% leased. For more information, contact Phil Voorhees, CB Richard Ellis, Inc., 3501 Jamboree Road, Suite 100, Newport Beach, CA 92660; 949-725-8529, Fax 949-725-8545; Email: phil.vorhees@cbre.com.
Staubach is selling the following sites: an 89,528 sq.ft. center located in Arcadia, LA for $3.95 million with a Cap rate of 9.65%; a 132,908 sq.ft. center located in Blountville, TN for $4.1 million with a Cap rate of 9%; a 63,891 sq.ft. center located in Hanson, KY for $1.4 million with a Cap rate of 8.81%; a 60,229 sq.ft. center located in Union City, TN for $1.1 million with a Cap rate of 9.65%; a 129,412 sq.ft. center located in Tupelo, MS for $1.2 million with a Cap rate of 10.27% and a 91,063 sq.ft. center located in West Frankfort, IL for $1.1 million with a Cap rate of 10.13%. The portfolio price for all six properties is $12.85 million. For more information, contact David T. Wojciechowski, Staubach Retail, 12 East 49th Street, 31st Floor, New York, NY 10017; 212-418-2600, Fax 212-418-2675; Email: dtwoj@staubach.com.
Retail Strategies is selling a 5,400 sq.ft. building located on Mamaroneck Avenue in downtown White Plains, NY for $3 million. For more information, contact Pamela Strauss, Retail Strategies, 245 Main Street, Suite 330, White Plains, NY 10601; 914-921-6100, Fax 914-921-6312; Email: pstrauss@retailstrategiesre.com.
Weichert Commercial Brokerage, Inc. is selling a 3,000 sq.ft. building located on Orange Street in Newark, NJ for $1.1 million. For more information, contact Stephen Sander or Peter Scrivo, Weichert Commercial Brokerage, Inc., 225 Littleton Road, Morris Plains, NJ 07950; 973-267-7778, Fax 973-267-5432; Emails: ssander@weichertcommercial.com and pscrivo@weichertcommercial.com.
Matheron Commercial is looking to acquire retail sites from $20 million to $100 million. The sites must have occupancy rates of 80%. The company also is offering a 1031 exchange opportunity in the southeastern U.S. for $2.643 million with a Cap rate of 7.4%. The site has a 15-year lease term with 15% increases every five years. For more information, contact Lynn Matheron, Matheron Commercial, PO Box 37292, Raleigh, NC 27627; 919-552-3709; Email: matheroncommercial@nc.rr.com; Web site: www.matheroncommercial.com.
TriStar Realty Group, LLC is representing a client looking for opportunities along the west coast of FL. Preferred sites include supermarket-anchored centers and mom and pop strip centers and NNN properties in Hillsborough, Pinellas, Manatee and Sarasota Counties. For more information, contact Peter R. Logan, TriStar Realty Group, LLC, One Mack-Cali Center, 501 East Kennedy Boulevard, Suite 1220, Tampa, FL 33602; 813-272-9700 or 727-442-9500, Fax 813-272-9725; Web site: www.tristarrealtygroup.com.
Interstate Realty and Development is representing investors looking to acquire centers throughout the southeastern U.S. for $2 million. The centers must have a GLA of at least 60,000 sq.ft. For more information, contact Adam Cross, Interstate Realty and Development, 2151 Volunteer Parkway, Bristol, TN 37620; 423-968-5971, Fax 423-764-9121; Email: adam@ira-realty.com.
P.P.I. Capital, Inc. is looking to acquire anchored centers nationwide for between $8 million and $45 million. The centers must have a GLA of at least 100,000 sq.ft. For more information, contact B.J. Halavi, P.P.I. Capital, Inc., 10850 Wilshire Boulevard, Suite 720, Los Angeles, CA 90024; 310-446-1122, Fax 310-475-5519; Email: bj@ppicapital.net.
The Velmeir Cos. is selling a land area of 4.8 acres located at the intersection of M-59 and Airport Road in Waterford, MI for $2.4 million. For more information, contact The Velmeir Cos., 5757 West Maple, Suite 800, West Bloomfield, MI 48322; 248-539-7997, Fax 248-539-9449; Web site: www.velmeir.com.
Net Leased Investment Co. is selling a Meineke Car Care building located in Elkton, MD for $1,217,806 with a Cap rate of 7.75%. The company also is selling a Damon’s Grill restaurant in IN for $2,312,925 with a Cap rate of 7.35%. For more information, contact Mike Sheerin, Net Leased Investment Co., 120 Alexandria Boulevard, Suite 18, Oviedo, FL 32765; 407-977-2448, Fax 407-977-0775; Email: msheerin@netleased.com.
Champion Properties, Inc. is looking to acquire value-added and semi-stabilized retail, industrial and office properties located nationwide. The company is looking to acquire sites with a GLA of at least 25,000 sq.ft. for up to $30 million. For more information, contact Michael Schneck, Champion Properties, Inc., 2006 Condor Lane, Suite 101, Gibsonia, PA 15044; 724-746-3116, Fax 724-746-3153.
Ludwig & Seeley Real Estate, Inc. sold East Oak Square Shopping Center, a 22,700 sq.ft. center located on Grand River Avenue in East Lansing, MI. For more information, contact Heather Stout, Ludwig & Seeley Real Estate, Inc., 29580 Northwestern Highway, Suite 110, Southfield, MI 48034; 248-750-1700, Fax 248-750-1771.
Stan Johnson Co. is selling a 1,800 sq.ft. Starbucks located on Churchman Avenue in Beech Grove, IN for $1.35 million with a Cap rate of 6%. For more information, contact Ryan Butler or Gill Warner, Stan Johnson Co., 6120 South Yale Avenue, Suite 813, Tulsa, OK 74136; 918-494-2690, Fax 918-494-2692; Emails: rbutler@stanjohnsonco.com and gwarner@stanjohnsonco.com.
NNN1031.COM is selling a Pizza Hut located in Turnersville, NJ for $2,354,745 with a Cap rate of 6.85%. The site has an NNN lease and has four, five-year options. The company specializes in buying and selling single-tenant retail properties. For more information, contact NNN1031.COM, 450 South Orange Avenue, Suite 900, Orlando, FL 32801; 877-NNN-1031.
DRA Advisors, LLC is looking to acquire portfolios or single-assets in primary and secondary markets nationwide for $15 million and up. The company will acquire community shopping centers, lifestyle centers, power centers and supermarket-anchored centers. For more information, contact DRA Advisors, LLC, 220 East 42nd Street, New York, NY 10017; 212-697-4740, Fax 212-697-7403.
The Rotella Toroyan Clinton Group is looking to acquire multiple sites of approximately one acre in the Broward and Miami, FL market. The potential site must be zoned for automotive repair service and have major retail anchors in the area. For more information, contact Steven M. Miller, Rotella Toroyan Clinton Group, LLP, 3300 North Federal Highway, Suite 200, Fort Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: steve@rtcgrealestate.com.
SouthEast Commercial Real Estate Group, Inc. is selling a land area of 26 acres located off Speedway Boulevard in Concord, NC for $6.5 million. The land is situated between Concord Mills Mall and Lowe’s Motor Speedway. For more information, contact Lesley Williams, SouthEast Commercial Real Estate Group, Inc., 1401 West Morehead Street, Suite 125, Charlotte, NC 28208; 704-370-3000 Ext. 351, Fax 704-370-6507; Email: lwilliams@southeastcommercial.com.
Passco Real Estate Enterprises, Inc. is looking to acquire multi-tenant retail, multi-family and industrial properties from $5 million to $40 million throughout the western U.S. Preferred retail sites include supermarket-anchored, Class A neighborhood and community centers with a minimum of 80,000 sq.ft. of GLA. For more information, contact Paul Mittman, Passco Real Estate Enterprises, Inc., 96 Corporate Park, Suite 200, Irvine, CA 92606; 949-442-1000, Fax 949-442-2460; Email: pmittman@passco.net.
Upland Real Estate Group, Inc. sold the following two Car-X properties throughout IL: a 4,434 sq.ft. stores located in Hanover Park for $870,000 and a 3,965 sq.ft. store located in Naperville, IL for $1.1 million. For more information, contact Melissa Deshler, Upland Real Estate Group, Inc., 250 Marquette Avenue, Suite 575, Minneapolis, MN 55401-1872; 612-332-6600, Fax 612-376-4489; Email: melissa@upland.com; Web site: www.upland.com.
CB Richard Ellis/The Dalton Team sold a 10,765 sq.ft. CVS Pharmacy located in Bryan, OH. The company also is selling a Big Kmart store located on West Main Street in Anoka, MN for $4.9 million with a Cap rate of 7.62%. The site has 11 years remaining on its lease. For more information, contact Gregory M. Dalton, CB Richard Ellis/The Dalton Team, 1512 Eureka Road, Suite 100, Roseville, CA 95661-3040; 916-781-4816; Email: greg.dalton@cbre.com.
Staubach Retail is selling a CVS pharmacy located at the intersection of Second Avenue and 112th Street in Lansingburgh, NY for $4.42 million with a Cap rate of 6.25%.
For more information, contact David T.
Wojciechowski, Staubach Retail, 12 East 49th Street, 31st Floor, New York, NY
10017; 212-418-2600, Fax 212-418-2675; Email:
dtwoj@staubach.com; Web site:
www.staubachretailne.com. The Ross Realty Group, Inc. sold a 1,802 sq.ft. former Long John Silvers restaurant located on South Missouri Avenue in Clearwater, FL for $570,000. The buyer was Surfside, Inc., while the seller was Homer Properties. For more information, contact Elliott M. Ross, Ross Realty Group, Inc., 3001 Executive Drive, Suite 250, Clearwater, FL 33762; 727-725-2800, Fax 727-726-6780; Email: elliottross@rossrealty.com. |