News:
Brokerage
Posted: November 7, 2017
Outside the Region: Greenberg of EXP Realty Advisors reps buyer of 6,138 s/f property–$4.325 million
Kissimmee, FL EXP Realty Advisors has arranged the sale of a 6,138 s/f net-leased Hooters property, located at 8207 W Irlo Bronson Memorial Hwy. for $4.325 million which represents a cap rate of 5.27%.
Andrew Greenberg of EXP Realty Advisors represented the purchaser.
The restaurant is located on Irlo Bronson Memorial Highway, which winds through several Disney theme parks and exposes the property to over 55,000 cars per day. The subject property is an out parcel to a Publix grocer and other surrounding retailers including: Target, Applebee’s, Olive Garden, Bahama Breeze, Panera Bread, T.J. Maxx, Dollar Tree, Texas Roadhouse and LongHorn Steakhouse. The area will soon also be home to the Jimmy Buffett’s 320-acre Margaritaville Resort.
The purchaser, a New York City based real estate investor who needed to complete a 1031 exchange.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Quick Hits
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
.gif)
September Promotion
