TAMPA, FL—A three-property Krystal restaurant portfolio in Tampa has a new owner. A 1031 exchange client snapped up the triple net lease properties.

Calkain represented both the buyer and seller. David Sobelman, executive vice president and associate Emily Cusmano exclusively represented the buyer. Sobelman says

“With limited inventory of quality net lease assets in today's market, having an exclusive agent representing the buyer can be very beneficial for the purchaser,” he says. “As can be concluded from this sale alone, many times these assets do not hit the open market before going under contract. We were able to get our client the best price in a short time frame.”