Foreign Industrial Investment Triples Last Year in SoCal

Posted on GlobeSt.com | April 29, 2019 View Article Here       The Southern California region was the top market for foreign investment last year, accounting for 6.3% of total foreign investment in the US.   Foreign industrial investment tripled in the Southern California market last year. Research … [Read more...]

Treasury Rates Rise But Cap Rates Hold Steady

Posted on GlobeSt.com |  October 3, 2018 Written by Brian J. Rogal   View Article Here   The reaction to a recent increase in the 10-year Treasury rate may take a few months to set in.   CHICAGO—The recent increase in the 10-year treasury rate was expected by many to push up cap rates in the nation’s single … [Read more...]

Barr & Bennett Net Leased Investment Group Sells Rite Aid at Market Low 5.48% Cap

BOSTON, MA— September 3, 2015—Carpe Diem Management, LLC has purchased a single tenant building, occupied by Rite-Aid Pharmacy for $5,000,000. The building sale, located at 1329 Hyde Park Avenue in Boston, Massachusetts, had 13 years remaining on its original 20-year absolute triple net (NNN) lease with Rite-Aid at the time of the … [Read more...]

Barr & Bennett Net Leased Investments Group Negotiates $2.99M Sale of 7-Eleven at a 5% Cap

West Palm Beach, FL—June 10, 2015—Ryan Barr and Ryan Bennett, Principals at Lee & Associates, one of the largest national commercial real estate providers with regional expertise, represented the seller on the $2,990,000 investment sale of a 7 Eleven convenience store with gas that traded at a 5% capitalization rate. The property was located at … [Read more...]

Retail Development Gains Momentum

Beth Mattson-Teig | NREI.com | May 26, 2015 View Original Article Here   Following its tepid pace over the past few years, retail development is on the verge of taking a giant leap forward as the pipeline of proposed projects continues to expand.   New construction dropped off a cliff during the worst of the recession. … [Read more...]

Barr & Bennett Net Leased Investments Group Sells Wells Fargo in Clovis, CA for $2.15 Million

Clovis, CA—March 23, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $2,150,000 investment sale of the Wells Fargo leased building located at 75 Shaw Avenue in Clovis, California.   The tenant, Wells Fargo, has been operating out of the building for 35 … [Read more...]

Barr & Bennett’s Net Leased Investments Group Sells CVS Pharmacy for $3.74 Million

TERRE HAUTE, Indiana—March 5, 2015—A private California based 1031 investor has purchased a single tenant building, occupied by CVS Pharmacy for $3,740,000. The NNN ground leased building, located at 2440 Wabash Avenue in Terre Haute, Indiana, had more than 16 years left in its lease with CVS Pharmacy at the time of the sale.   Ryan Barr … [Read more...]

Barr & Bennett Net Leased Investment Group Sells CVS Pharmacy for $2.575 Million in Somerset, KY

SOMERSET, Kentucky—December 18, 2014—Hudson & Hagan, LLC has purchased a single tenant building, occupied by CVS Pharmacy for $2,575,000. The ground leased building, located at 144 North Highway 27 in Somerset, Kentucky, had more than 17 years left in its lease with CVS Pharmacy at the time of the sale.   Ryan Barr and Ryan Bennett … [Read more...]