Los Angeles, CA (PRWEB) October 19, 2011
The Royston Group today has closed the sale of a freestanding Bank of America branch in Dallas, Texas. The 4,000 square foot building is on one acre of land and is 100% leased to Bank of America on an absolute NNN basis.
Greg Cortese represented the buyer, a Southern California family trust in a 1031 exchange. "They were looking for a single-tenant property with a long term, high quality tenant, rent increases and in a great location. Pricing becomes secondary if the investment meets these requirements. Demand is still there for high quality investments," said Greg Cortese
Greg Cortese, President of The Royston Group and Rob Sutton, Vice President specialize in the sale of single tenant net lease properties. The Royston Group is a privately held commercial real estate investment firm, founded in 1992. The company serves an array of clients including high net worth individuals, developers of office, industrial and retail properties, institutional REITs and pension funds. The company provides services for a multitude of net lease commercial property types including office, industrial, retail and medical. The firm has completed over $1.5 billion in real estate sales since its inception. More information on the firm can be found at http://www.theroystongroup.com