DAYTON, OH- – Capital Commercial Partners has negotiated the sale of a 20 store Dollar General Portfolio located in several states. The sales price of $11,850,000 represents a capitalization rate of 9.0%.Richard Geisenfeld, one of the firm’s managing partners, represented the seller in the transaction.
“Although much of the market is still on the sidelines waiting to see what the near term will hold, we continue to facilitate transactions," Geisenfeld comments. “The average lease term within this portfolio was 7 years and the stores were the typical rural Dollar General locations.”
The buyer was able to finance the deal with bank money at 70% LTV, 25 year amortization, and 7 year term,” Geisenfeld added.
Capital Commercial Partners has closed in excess of $750,000,000 in real estate investment transactions across the U.S. They currently have offices in Ohio and West Virginia. The firm’s website http://www.nnn1.com/ is a national commercial real estate marketplace.
Ohio-based Capital Commercial Partners specializes in real estate investment brokerage throughout the US. The company has a powerful marketing system for investment properties and combines product specialization; market expertise; state-of-the-art technology and established relationships with the largest pool of qualified investors globally.
http://www.nnn1.com/
Press Contact: Shelley Kaplan, Communications Department, (937) 241-5522
Ohio-based Capital Commercial Partners specializes in real estate investment brokerage throughout the US. The company has a powerful marketing system for investment properties and combines product specialization; market expertise; state-of-the-art technology and established relationships with the largest pool of qualified investors globally.
http://www.nnn1.com/
Press Contact: Shelley Kaplan, Communications Department, (937) 241-5522
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