Derrick Schroeder with Solid Investments sells two NNN Citibank's located in Miami & Key Biscayne, FL for $3,073,100 and $3,230,000, respectively.
Miami, FL, October 30, 2015 (Newswire.com) - Derrick Schroeder with Solid Investments, a nationally-recognized boutique commercial real estate firm specializing in buyer representation of Triple Net (NNN) investment property sales, announced that the company has completed the sale of a Citibank portfolio.
The portfolio consisted of a 3,725 SF branch located at 1600 Coral Way Miami, FL and is situated on a full block parcel with dual hard corners. The sales price was $3,073,100. The second property in the portfolio is a 3,230 SF branch located at 84 Crandon Boulevard Key Biscayne, FL - an irreplaceable location, which connects to downtown Miami via the Rickenbacker Causeway. The sales price was $3,230,000.
"This was a great opportunity for an investor to acquire two investment grade tenant's in rare/irreplaceable locations, with zero Landlord obligations, long term leases and annual rent increases."
Derrick Schroeder, Broker
Derrick Schroeder represented the buyer, a South American investor, and Rich Lydon with Equity Investment Advisors represented the seller, CP Sunshine 2 LLC.
Mr. Schroeder recognizes this was a great opportunity for an investor to acquire two investment grade tenant's in rare/irreplaceable locations, with zero Landlord obligations, long term leases and annual rent increases.
About Solid Investments
Solid Investments specializes in the sale of Triple Net (NNN) Commercial Investment Properties - where the Tenant is responsible for all property related expenses (taxes, insurance, maintenance & repairs). They work primarily with the buyer and assist with 1031 Exchanges, while providing a full professional service approach through every step of the buying process.
Solid Investments has sold over 150 NNN properties worth in excess of $345,000,000 since 2008.
For more information, visit www.SolidInvestmentsFL.com
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