Multi tenant retail strip center in Harrington DE. This property was purchased by a client of ours on a 1031 exchange that sold an apartment building in NYC. The annual cash flow went from $250,000 to over $1,000,000 in one year as a result of transitioning from rent controlled apartments to free market retail units.
Single Tenant NNN property. Certified Dermatology did a new 5 year lease back. Sold at a 7% return to the investor
Commercial condo on the ground floor corner. Sold to an owner/user for salon use.
670 Broadway was a 2 unit retail building. 60% of the property was occupied by Certified Dermatology, who did a sale lease back for another 5 year term. The deal offered a 6.2% cap rate to the investor with annual increases.
3 unit retail property in Lewes DE. This property was acquired by a client of ours on a 1031 exchange that sold an apartment building and was looking to go a more passive route with his investments. This transaction was a 10 day all cash (off market) closing where we represented the buyer & the seller.
189 Park Ave was a single tenant retail property occupied by the US Postal Service. We secured a new lease from the post office prior to closing escrow at an attractive cap rate. The property is also slated to be utilized as a development project in the future.
Singe Tenant NNN lease back property. Certified Dermatology owned & operated the business prior to selling and doing a new lease.
6,000 SF commercial building 2 blocks away from the Path Station to NYC. This property’s seller was an owner/user that operating bar out of the ground floor for 60+ years. We sold this property Off Market and represented the buyer & seller.
2 unit retail property along Washington Street. The property was sold with a long term lease from Kumon, and a owner/user unit that was delivered vacant at closing.
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Contact us now about available commercial properties or to learn more about TIP Commercial, your reliable real estate agency.
