“There are a multitude of favorable commercial real estate investments in the current market for buyers who are savy investors"
Los Angeles, CA (PRWEB) July 12, 2011
The Royston Group has completed the sale of a 19,920 square foot warehouse located in Port St. Lucie, Florida. The property is leased to on a long term triple net basis to Cemex Construction Materials Florida which is a subsidiary of cement and construction giant Cemex. The building was constructed in 2008 and sits on 4.8 acres of land.
Rob Sutton of the Royston Group represented the seller and Pablo Lupinacci of Fabian Realty represented the buyer. The seller was a private developer based in Florida and the buyer was an international investment group. The buyer was attracted to the strong financials of the tenant, the triple net lease and the favorable assumable loan.
“There are a multitude of favorable commercial real estate investments in the current market for buyers who are savy investors and aren’t afraid to get their hands dirty when vetting a deal. In this case we had a very experienced seller and buyer who were able to work together to get the transaction closed,” commented Rob Sutton.
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 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. http://www.theroystongroup.com
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