NEW YORK CITY–A New York Metropolis primarily based partnership between Soly Halabi and Joseph Simhon bought eight net-leased retail properties in Alabama, Virginia, Oklahoma and South Carolina, respectively, for $79.4 million.
Anthony D’Ambrosia and Glen Kunofsky of NNN Professional Group, represented the sellers, a New York Metropolis-based partnership led by Soly Halabi and Joseph Simhon, in every of the transactions.
1990 McCrays Mill Rd., a 14,820-square-foot retail property positioned in Sumter, SC, bought for $5,909,072 to a personal investor positioned on the West Coast. The tenant, Walgreens, has eight years remaining on its lease. Matt Franciosi and Michael Gaggo of Encore Actual Property represented the client within the 1031 alternate transaction.
1560 Montclair Rd., a 14,820-square-foot retail property positioned in Birmingham, AL, bought for $7,138,000 to a personal investor. The tenant, Walgreens, has 5 years remaining on its lease. Jeff Bracco of The Kase Group represented the client within the 1031 alternate transaction.
7000 Iron Bridge Rd., a 41,117-square-foot retail property positioned in Richmond, VA, bought for $8,967,013. The tenant, Walmart Neighborhood Market, has eight years remaining on its lease. Matthew Berres of Newmark represented the client, Austell, GA Heart LLC.
3419 Orange Ave. NE, a 41,117-square-foot retail property positioned in Roanoke, VA, bought for $9,518,425. The tenant, Walmart Neighborhood Market, has 12 years remaining on its lease. Brett Leslie of Paradigm Improvement Group represented the client, Anderson Capital Companions.
4950 Planation Rd., a 40,802-square-foot retail property positioned in Roanoke, VA, bought for $9,518,425 to a personal, NJ-based investor. The tenant, Walmart Neighborhood Market, has 12 years remaining on its lease. Richard Nardi of NNN Professional Group represented the client within the 1031 alternate transaction.
2141 Dale Ave. SE, a 42,000-square-foot retail property positioned in Roanoke, VA, bought for $17,331,742 to a personal, NJ-based investor. The tenant, Walmart Neighborhood Market, has 13 years remaining on its lease. Richard Nardi of NNN Professional Group represented the client within the 1031 alternate transaction.
4900 S. Sooner Rd., a 41,110-square-foot retail property positioned in Oklahoma Metropolis, OK, bought for $11,600,000 to a personal, Pennsylvania-based investor. The tenant, Walmart Neighborhood Market, has 13 years remaining on its lease. Anthony D’Ambrosia of NNN Professional Group represented the client within the 1031 alternate transaction.
3745 SW Lee Blvd., a 40,880-square-foot retail property positioned in Lawton, OK, bought for $10,000,000 to a personal, Pennsylvania-based investor. The tenant, Walmart Neighborhood Market, has 12 years remaining on its lease. Anthony D’Ambrosia of NNN Professional Group represented the client within the 1031 alternate transaction.
