Maple Lawn

Reston, VA, Calkain companies, a national real estate investment firm real estate, has brought the sale of two triple net (NNN) lease of property investment in Fulton, MD. SunTrust Bank and M & T Bank Ground Lease in Maple Lawn (Fulton), MD has been sold to private investors seeking passive investments and long term. closing of the sale was $ 8.2 mm.

Rick Fernandez, Assistant Vice President and Jeff Bogart, an expert in tax planning, both Calkain Realty Advisors, the market division Calkain private companies, led to the marketing and sale transactions. Fernandez said: "The strong market demographics, locations of high-level and financial strength of tenants provided opportunities for strong and stable investment for investors. "The property commanded a premium price because of the high creditworthiness of tenants and rent increases above average during the lease term. Bogart Fernandez and generated multiple offers for the asset, and finally completed the sale in a market obviously difficult. Jonathan Hipp, president and CEO of companies Calkain continued, "Calkain evidence that the quality of real estate is highly desirable, regardless of the market cycle is in progress." Bogart commented "The availability of favorable financing for this transaction and, in this market cycle demonstrates the strength and stability of the Washington DC metro market. "

Maple Lawn is a mixed use development of high-end outside the U.S. capital that provides living, working and shopping amenities. With more than 1,340 units planned for development, the long-term benefits of investments are largely met.

The transaction is recorded in the public record.

Calkain Companies is a privately owned, national real estate brokerage and consultancy specializing in single and multi-tenant retail, industrial and office net leased transactions. Calkain has offices in Reston, Virginia (Washington DC), Tampa, FL, and McHenry, MD.