Calkain's Executive Managing Director, Andrew Fallon has recently completed the sale of two Verizon Wireless properties. Both properties were similar in size, approximately 2,400 square feet and are 100% leased to Verizon Wireless franchisee’s. Both properties had less than 10 years left on their lease and were ideal, low price point investments. The Altavista, VA store sold for $525,000 or $225/psf and the other undisclosed location sold for $725,000 or $302/psf.

Fallon commented, "These smaller price point deals are ideal for 1031 buyers, and are of interest to a lot of first-time investors. To get the best executions, it's critical to maximize exposure through marketing while targeting the local audience. In both cases, we were able to identify the best buyer and facilitate successful transactions by managing the process from start to finish." Fallon continued, "In Virginia, we had a local investor who was familiar with the small Altavista market and appreciated the second generation use by Verizon of a former Pizza Hut. The second property was acquired by a first-time investor, who was looking for a newly constructed investment property priced under $1million. These were the right buyers for each deal." For more information, contact Andrew Fallon at afallon@calkain.com or (703) 787-4733.

Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at www.calkan.com.