FRANKLIN STREET BROKERS $3M SALE OF EAST BAY PLAZA IN LARGO

March 27, 2015

Franklin Street Real Estate Services has arranged the approximately $3 million sale of East Bay Plaza at 5395 E. Bay Drive in Largo. The unanchored, 10,401-square-foot strip center is fully leased to Einstein Bros. Bagels, Anytime Fitness, Liberty Tax Service, Radio Shack and Zoom Tan. Jonathan Graber and Rafeal Wright of Franklin Street represented the seller, East Bay Plaza Integra LLC, in the transaction. Warner Enterprises LLC purchased the asset in a 1031 tax-deferred exchange

Franklin Street Brokers $3M Sale of East Bay Plaza

Franklin Street Real Estate Services has arranged the approximately $3 million sale of East Bay Plaza at 5395 E. Bay Drive in Largo. The unanchored, 10,401-square-foot strip center is fully leased to Einstein Bros. Bagels, Anytime Fitness, Liberty Tax Service, Radio Shack and Zoom Tan. Jonathan Graber and Rafeal Wright of Franklin Street represented the seller, East Bay Plaza Integra LLC, in the transaction. Warner Enterprises LLC purchased the asset in a 1031 tax-deferred exchange.

1031 Exchange Grabs Brand New Family Dollar

A newly-constructed freestanding Family Dollar has changed hands in an all-cash 1031 exchange deal. The relocation store comes with a new 10-year lease and corporate guarantee.

FRANKLIN STREET BROKERS SALE OF FAMILY DOLLAR IN 1031 EXCHANGE

Franklin Street Real Estate Services has brokered the sale of a freestanding Family Dollar in an all-cash 1031 tax-deferred exchange. The property is located at 5403 Old National Highway in southwest Atlanta, three miles from Hartsfield-Jackson Atlanta International Airport. The newly constructed store comes with a 10-year lease and corporate guarantee. Mac McCall and Bryan Belk of Franklin Street Real Estate Services represented the seller, a local developer, in the transaction. The buyer was based in California.

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Some of the same challenges do remain” said Emil Guillia, senior director with the real estate company Franklin Street. “Transportation is still going to be a concern.”