Wednesday, November 23, 2011
CITRUS HEIGHTS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has received the exclusive listing for the triple-net ground lease of a 133,298-square foot freestanding Sam’s Club (top left photo) located in Citrus Heights, approximately 16 miles northeast of Sacramento. The listing price of $15.3 million represents $115 per square foot.
Kyle Matthews (lower right photo) a vice president investments, and Mike James, a net-leased investment property specialist, both in Marcus & Millichap’s Encino office, are representing the seller, a private investor.
The property is located at 7147 Greenback Lane in Citrus Heights.
The Sam’s Club was built in 2003 and the lease commenced in July 2001. The lease’s base term is for 25 years at the fixed annual rent of $950,000.The tenant has seven 10-year renewal options.
Sam’s Club is a subsidiary of Walmart, a Standard & Poor’s 500 Index AA-rated tenant, with more than 600 locations. Walmart is publicly traded on the New York Stock Exchange under the stock symbol WMT.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
MIAMI, FL -- South Florida’s residential resale inventory has decreased in quantity by 58% since the Thanksgiving holiday week – the symbolic start of the busy winter tourism season - of 2008, according to a new report from CondoVultures.com.
Nearly 108,000 residential properties were on the resale market in the tricounty South Florida region on Nov. 24, 2008 as financial uncertainty reached an all-time high following the abrupt failure of the investment banking behemoth Lehman Brothers that subsequently triggered a near meltdown of the U.S. economy.
Some three years later, the number of condos, townhouses, and single-family houses on the resale market in Miami-Dade, Broward, and Palm Beach counties has shrunk to fewer than 45,000 residences as of Nov. 21, 2011, according to analysis by the licensed Florida brokerage CVR Realty™.
Even though the U.S. economy continues to wobble along with modest GDP growth, a recent downgrade by the credit ratings agency Standard & Poor's, and a high unemployment rate by modern standards, the number of residential properties under contract in South Florida has spiked to nearly 22,000 - a large chunk of which are all-cash deals - as of Nov. 21, 2011, according to the analysis based on Florida Realtors association data.
For a complete copy of the company’s news release, please contact: Condo Vultures® LLC at 800-750-0517.or email at www.condovultures.com
NEW YORK, NY--(BUSINESS WIRE)-- As part of Annaly Capital Management’s ongoing corporate philanthropy efforts, the company announced a commitment to Wounded Warrior Project TM (WWP). At a recent annual company event, Annaly raised over $100,000 from its employees and attendees from other financial services companies.
“At the Annaly family of companies, through our charitable contributions and employee involvement we are committed to the welfare and prosperity of the communities where we live and work,” said Annaly’s Chairman, Chief Executive Officer and President, Michael A.J. Farrell (top right photo).
“In particular, we are strong believers in supporting our men and women in uniform, first responders and the armed forces, who protect us both domestically and abroad.
“The beneficiaries of Wounded Warrior Project—brave men and women who have suffered debilitating injuries in the line of duty—deserve the biggest thanks, and the most support, of all.
“We are pleased to be able to help them through our initial fundraising effort and look forward to continuing our commitment to this wonderful organization.”
Wounded Warrior Project was founded in 2003 by several veterans and friends, moved by stories of the first wounded service members returning home from Iraq and Afghanistan, who took action to help others in need.
What started as a program to provide comfort items to wounded service members has grown into a complete rehabilitative effort to assist warriors as they recover and transition back to civilian life.
Tens of thousands of wounded warriors and caregivers receive support each year through WWP programs designed to nurture the mind and body, and encourage economic empowerment and engagement.
Annaly manages assets on behalf of institutional and individual investors worldwide. Through its Annaly Gives Back program, the company recognizes and supports the important work conducted by its employees on behalf of non-profit organizations.
Annaly Capital Management, Inc.