NET LEASED BANK OF AMERICA PROPERTY SOLD

September 1, 2017

 NET LEASED BANK OF AMERICA SOLD
September 2017


Invest Commercial has completed the sale of a Bank of America anchored shopping center located at 285 – 291 Front Street, NY for $3,087,000.

The 11,500 Sq. Ft. building is centrally located in the Village of Hempstead. There are 6 retail units in the shopping center. Bank of America has anchored the center since 1986 and is one of Long Island’s busiest bank branches.

The other retail units consist of a Deli, Chinese Restaurant, Butcher, Dry Cleaners and a Spanish Restaurant. The shopping center was 100% occupied at the time of closing.

“This particular property generated a lot of interest because of its attractive cap rate and minimal landlord responsibilities”, said Frank Caporrino, President of Invest Commercial. (The large parking lot and surrounding areas of the building are all the responsibility of the Hempstead Village, which eliminates almost all landlord management.)

Frank J. Caporrino and Clem Cesare arranged the sale of the property on behalf of Invest Commercial.


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