The SunTrust Financial institution and M&T Lender Two Triple (NNN) in Maple Lawn (Fulton), MD Were Offered

Reston, VA, —Calkain Companies’, a national serious estate expense brokerage firm, has procured the sale of two triple web (NNN) lease expense attributes in Fulton, MD.  The SunTrust Bank and M&T Bank Ground Leases in Maple Lawn (Fulton), MD had been marketed to non-public investors seeking passive and lengthy-phrase investments.  Closing selling price of the sale was $8.2MM.



Rick Fernandez, Assistant Vice President and Jeff Bogart, Tax Method Specialist, both of Calkain Realty Advisors, the non-public market place division of Calkain Organisations, led the marketing and advertising and sale of the transactions.  Fernandez commented, “The powerful market place demographics, great profile locations and finance strength of the tenants provided sound and steady expense possibilities for the investors.”  The attributes commanded a top quality selling price due to the substantial credit worthiness of the tenants and the over normal rent increases while in the terms of the lease.  Fernandez and Bogart produced many delivers for the asset and in the end accomplished the sale in an definitely difficult sector.  Jonathan Hipp, President & CEO of Calkain Organizations continued, “Calkain proved that good quality legitimate estate is very desirable, no matter what market place cycle is taking place.”  Bogart commented,” The availability of favorable financing for this transaction and in this marketplace cycle is testament to the strength and balance of the Washington, DC metro market place.”



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Suntrust bank is 1 of the significant economic companies keeping organizations of The united states with the assets of $171.8 billion. They specials with the corporate and institutional customers and also discounts in all of the workings of a financial institution like deposits, mortgage loan banking, credit score, leasing and expense solutions and so on. they give companies with all of the technological advancement. On the internet banking, cell banking and 24 hrs buyer service centers are their specialty.



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