Denver, CO – April 18, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1700 N Patterson St., Valdosta, GA 31601.
Kevin Calame and Matt Lewallen, Principals at NorthPeak Commercial Advisors, represented the buyer and Randall Commercial Group represented the seller in this transaction.
“The Buyer was in a 1031 exchange and wanted a passive investment with no landlord involvement. This property offered a 10 year, NNN lease with 2% increases each year.”
-Kevin Calame, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Kevin Calame at 303-263-6260 or Kevin@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 512 E Main St., New Albany, MS 38652
- Sale Price: $1,589,120
- Sale Date: April 13, 2022
- Property Size: 4,966 SF
- Number of Units: 1
- Cap Rate: 6.25%
- Property Type: Retail
