News:
Owners Developers & Managers
Posted: July 15, 2009
Horvath and Tremblay of Marcus & Millichap arrange $1.22 million sale of McDonald's
Bob Horvath and Todd Tremblay of the Marcus & Millichap took part in the sale of two corporate guaranteed McDonald's ground leases. The first McDonald's ground lease is located in Whitman, and sold for $1.22 million at a CAP rate of 5.74%. The newly constructed building is located next to CVS at the busy intersection of Rtes. 14 and 18. The property was sold by a regional developer and purchased by a private Conn. investor.
The other McDonald's ground lease, a pad site for a Publix center, is located in Cape Coral, FL and sold for $1.067 million at a CAP rate of 5.62%.
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