The SunTrust Financial institution and M&T Lender Two Triple (NNN) in Maple Lawn (Fulton), MD Have been Sold

Reston, VA, —Calkain Companies’, a nationwide genuine estate investment brokerage company, has procured the sale of two triple web (NNN) lease expense properties in Fulton, MD.  The SunTrust Bank and M&T Financial institution Ground Leases in Maple Lawn (Fulton), MD had been sold to personal investors attempting to get passive and extensive-term investments.  Closing price tag of the sale was $8.2MM.



Rick Fernandez, Assistant Vice President and Jeff Bogart, Tax System Expert, the two of Calkain Realty Advisors, the private industry division of Calkain Organizations, led the advertising and sale of the transactions.  Fernandez commented, “The powerful industry demographics, great profile spots and economic power of the tenants provided sound and steady expense opportunities for the investors.”  The attributes commanded a premium total price due to the large credit score worthiness of the tenants and the previously mentioned average lease boosts all through the terms of the lease.  Fernandez and Bogart created multiple gives for the asset and eventually completed the sale in an definitely complicated marketplace.  Jonathan Hipp, President & CEO of Calkain Businesses ongoing, “Calkain proved that excellent true estate is extremely desirable, no issue what marketplace cycle is occurring.”  Bogart commented,” The availability of favorable financing for this transaction and in this market place cycle is testament to the strength and stability of the Washington, DC metro current market.”



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