NET LEASED INVESTORS BANK PROPERTY SOLD

March 15, 2017

 NET LEASED INVESTORS BANK PROPERTY SOLD

March 2017


Invest Commercial, a net leased investment brokerage firm, has completed the sale of a single

tenant Investors Bank property located at 2150 Merrick Road, Merrick NY for $2,990,000

The 2,400 Sq. Ft. building is located along a very busy stretch of Merrick Road, which is one of

Long Island’s main thoroughfares. The building is currently being constructed and is scheduled

to open in April, 2017. There is a new 15-year lease term in place with option periods. The

absolute triple net lease also features zero landlord responsibilities and features a full

corporate guarantee.


The sellers were a team of local developers and the buyer was a private investor from Queens,

NY, who was able to close the transaction within 3 weeks. “The buyer was attracted to this property because of the new long term lease and relatively low price point compared to other new construction banks in the market place.”, said Frank Caporrino, President of Invest Commercial. “Triple net leases, particularly bank properties with investment grade credit continue to generate very aggressive cap rates for the sellers of these properties”.


ABOUT INVEST COMMERCIAL

Invest Commercial is a full service real estate brokerage firm specializing in single tenant net lease assets throughout the country. The Invest Commercial team provides a broad range of investment advisory services to our clients.


SERVICES OFFERED:

 Single Tenant Net Leased Transactions

 1031 Tax Deferred Exchanges

 Market Analysis

 Sale Leaseback Transactions

       OUR CLIENTS: 
High Net Worth Individuals 
Institutions & Private Equity Firms 
Real Estate Investment Trusts
Local & National Developers
WWW.INVEST-COMMERCIAL.COM

 

 

Share on Facebook
Share on Twitter
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square


© 2017 Invest Commercial.


 

  • Facebook Social Icon
  • LinkedIn Social Icon

 Invest-Commercial |  (516) 344-8008  | 1 Dupont St , Plainview, New York 11803