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Brokerage
Posted: July 15, 2013
Greenberg and Street of ERG arrange $1.55 million sale
ERG Property Advisors has arranged the sale of 595 Franklin Ave.
The property is a free standing Dunkin Donuts ground lease located on the corner of Franklin Ave. and Ferngate Dr. The lease has 9 years remaining and is corporately guaranteed by Dunkin Brand, INC.
The property sold for $1.55 million which represents a cap rate of 5.81%. Andrew Greenberg, senior director of retail, and Evan Street, senior associate of ERG Property Advisors, exclusively brokered this transaction.
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