Cambridge Capital Advisors, LLC has negotiated, on behalf of a 1031 investor, the acquisition of a Burger King. The property is a single-tenant, absolute net-leased retail property located at 3012A Cranberry Hwy. The sale price was $1.341 million. The tenant, a strong regional Burger King franchisee, has occupied the building since 2009.
Michael Scanio, managing partner of Cambridge Capital, identified the property to fulfill his client's 1031 Exchange requirement. Derek Vallerand and Louie Caci of Cambridge Capital represented the seller.
Cambridge Capital is a commercial real estate firm that provides strategic real estate advisory and consulting services to both private and institutional clients throughout the country on the acquisition and disposition of investment properties.