7-Figure+ Deals Closed in July
Want to keep up to date on the latest commercial real estate deals?
Below, we cover four 7-figure+ deals closed in July 2020.
$134,000,000 Office Development Deal
On July 8, Chicago Title National Commercial Services brokered the sale of a $134,000,000 office development in San Francisco, CA.
$10,250,000 Multifamily Property Deal
Also on July 8, Meridian Investment Sales brokered the sale of a $10,250,000 multifamily property in The Bronx.
According to Connect New York, “[Amit] Doshi and [Shallini] Mehra, along with Seth Glasser and Michael Fusco of the New York Multifamily Group at Marcus & Millichap, represented both the seller, the Caruso family, and the purchaser, Doug Peterson of City Skyline Realty in the brokerage teams’ co-exclusive.”
Just closed on our co-exclusive in Kingsbridge Heights, Bronx with a 6.5% CAP. First sale in 20 years#TeamDoshi #Justclosed #closeddeal #Investmentsales #exclusivelisting #nycrealestate #nyc #ny #newyork #nycbroker #bronx #bronxny #multifamily #cre #commercialrealestate pic.twitter.com/q9pNbaZEZp
— TeamDoshi (@TeamDoshi) July 8, 2020
$17,300,000 Shopping Center Deal
On July 16, Matthews Real Estate Investment Services brokered the sale of a 3-property shopping center portfolio in West Virginia for $17,300,000.
According to the firm’s press release, “The portfolio boasts a 99% occupancy rate with 87% of tenants being national credit retailers. The ±165,954 square foot portfolio sold for $104 per square foot.”
Matthews™ announces the portfolio sale of three Food Lion anchored assets in West Virginia for $17.3M. Regional Director and Grocery Anchored Specialist, Johnny Blue Craig, represented the seller and sourced the buyer. Read the full story here: https://t.co/55aL7ElbBB pic.twitter.com/UlIA7Iylh0
— Matthews™ (@Matthews_REIS) July 16, 2020
$1,800,000 Medical Office Deal
On July 21, Marcus and Millichap Real Estate Investment Services brokered the sale of a 5,514-square-foot medical office in Gilbert, AZ for $1,800,000.