The company credit, the site access to residential growth markets and the long term NNN lease made this site a very valuable and stable net lease investment
(PRWEB) October 22, 2015
The Royston Group has completed the sale of a single tenant, triple net lease industrial facility. The 106,000 square foot site, located in Blythewood, South Carolina, sold for $5.2 million. Built in 2005, the property sits on 22.01 acres of land which is leased to building supply company Builders FirstSource.
The Royston Group's Greg Cortese and Rob Sutton represented the seller in the transaction. The buyer selected this property due to the 15 Year NNN lease and the strong company credit in Builders FirstSource. Builders Firstsource has been operating at the site for over 10 years giving the company valuable access to the region's growing residential home development . The buyer is private real estate investor based in northeast and the seller is a family real estate company based in California.
“The company credit, the site access to residential growth markets and the long term NNN lease made this site a very valuable and stable net lease investment.” said Sutton.
Greg Cortese, President of The Royston Group and Rob Sutton, Vice President specializes 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 $2 billion in real estate sales since its inception. http://www.theroystongroup.com