FORT LAUDERDALE, FL—A Verizon Wireless property in Palm Bay, FL has traded hands. Calkain Cos. Reports multiple offers on the listing.
Ultimately, the seller agreed to trade the net leased asset to an all-cash buyer who paid nearly full price. The deal closed in 20 days of escrow.
Coast Realty represented the buyer. The buyer paid $1.86 million for the net leased property, which resulted in a 6.67% cap.
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