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Brokerage
Posted: July 11, 2023
Cleeman Realty sells 77,000 s/f Grand Union for $12.2 million
Cortland, NY Cleeman Realty negotiated the recent sale of a prime net lease Grand Union supermarket located on NY-281. The property, spanning 77,000 s/f on 11.1 acres, was sold for a remarkable $12.2 million. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented the buyer and seller.
The buyer, a publicly traded real estate investment trust (REIT), was attracted to this investment opportunity due to the property’s long-term lease and strong sales volume. Cleeman Realty facilitated the transaction, leveraging their industry expertise and vast network to ensure a seamless and mutually beneficial deal for all parties involved.
The net lease Grand Union supermarket is situated in an area known for its commercial landscape and consumer demand. The property’s size and land area further enhance its appeal, providing ample space for current and potential future expansion opportunities.
“Cleeman Realty takes great pride in representing exceptional properties, and the sale of the net lease Grand Union supermarket in Cortland exemplifies our commitment to delivering superior results for our clients,” said Cleeman, president of Cleeman Realty. “The long-term lease and impressive sales volume at this location made it an attractive investment, and we are thrilled to have facilitated this successful transaction.”
This sale showcases Cleeman Realty’s ability to navigate complex real estate deals and secure optimal outcomes for their clients.
With their unwavering dedication to client satisfaction and extensive market knowledge, Cleeman Realty continues to be the go-to brokerage firm for grocery anchored commercial properties.
Cleeman Realty is a real estate brokerage firm specializing in commercial properties. With a reputation for excellence and a commitment to delivering superior results, Cleeman Realty has become a trusted partner for buyers and sellers in the commercial real estate market. By combining in-depth market knowledge, a vast network, and innovative strategies, Cleeman Realty offers unparalleled service and expertise to clients across various industries.
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