919 Commercial and Dan Smith represented a Self Storage developer in the purchase of a parcel that has visibility from Interstate 40 in Clemmons, NC for the development of a Bee Safe Self Storage Facility. The parcel consisted of 3.48 acres and the frontage provides visibility to approximately 50,000 vehicles per day. A combination of Read More …
3 Multifamily Properties Sold in Greensboro, NC May 2016
1500 Gatewood Ave, 3515 Lynhaven Dr., and 3936 McIntosh St Greensboro,NC were all listed as a multifamily portfolio. All three of these properties sold individually to three separate buyers in May of 2016. The properties were bank owned and 919 Commercial successfully found the right buyers and was able to get the most value Read More …
NNN Leased Investment Property Sale in Durham, NC 4/21/2016
Dan Smith and 919 Commercial represented Love Sales in the purchase of a NNN Leased Sherwin Williams store at 5008 N Roxboro St in Durham, NC. The investment property has 9.5 years left on the lease and was purchased at a 6% cap rate. I had been on the lookout for a good investment property Read More …
100 Jerusalem Drive Morrisville, NC Sold 3/30/2016
919 Commercial LLC sold 100 Jerusalem Drive in Morrisville,NC on March 30th 2016 for $2,300,000. It was sold to an investor that has plans to put an Indian Restaurant in the vacant space. This property is a 17,000sf retail center that was bank owned. It was 72% occupied at the time of the sale and Read More …
Raleigh Durham Market Commercial Real Estate Sales Volume
Here’s a great article about what is going on in the Triangle market in 2016. See the link to the Triangle Business Journal article. Dan Raleigh-Durham area commercial real estate sales top $1 billion — in 3 months The Triangle’s commercial real estate capital markets logged more than $1 billion in major property acquisition deals Read More …