News:
Brokerage
Posted: October 26, 2018
Brokers + Engineers sells 4,380 s/f to TD Bank for $6.9 million; Represented seller, Chimblo Family Real Estate, LLC
Darien, CT Brokers + Engineers (B+E), the first brokerage firm and trading platform for net lease (NNN) real estate, completed the sale of property that is leased long-term to TD Bank.
Located at 55 Boston Post Rd., the 4,380 s/f location was sold for $6.9 million at a 5.1% cap rate. The property has 7 years remaining on the lease, and was sold to a 1031 exchanger. B+E represented the seller, Chimblo Family Real Estate, LLC.
“We were happy to source a 1031 Exchange buyer for the sale of this property,” said Spencer Henderson, B+E broker. “B+E achieved an impressive valuation for this bank branch, rarely seen in the marketplace today.”
With offices in New York, Tampa and San Francisco, B+E sets the standard for net lease real estate brokerage services and performance. The B+E trading platform consists of user-friendly dashboards, real-time predictive pricing and an AI-driven exchange – all leveraging the largest data set in the industry.
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