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

Reston, VA, —Calkain Companies’, a national real estate expense brokerage company, 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 personal investors seeking passive and prolonged-phrase investments.  Closing price tag of the sale was $8.2MM.



Rick Fernandez, Assistant Vice President and Jeff Bogart, Tax Technique Expert, each of Calkain Realty Advisors, the private market division of Calkain Businesses, led the internet marketing and sale of the transactions.  Fernandez commented, “The strong market place demographics, significant profile locations and fiscal strength of the tenants furnished sound and secure investment opportunities for the traders.”  The properties commanded a top quality selling price due to the superior credit worthiness of the tenants and the over normal rent improves in the course of the terms of the lease.  Fernandez and Bogart created many gives you for the asset and ultimately completed the sale in an obviously challenging market.  Jonathan Hipp, President & CEO of Calkain Businesses continued, “Calkain proved that high-quality true estate is really appealing, no matter what current market cycle is taking place.”  Bogart commented,” The availability of favorable funding for this transaction and in this sector cycle is testament to the power and balance of the Washington, DC metro current market.”



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Suntrust lender is 1 of the large fiscal products and services keeping organizations of The us with the assets of $171.8 billion. They deals with the company and institutional customers and also offers in all of the workings of a financial institution like deposits, home loan banking, credit, leasing and expense expertise and so on. they present expert services with all of the technological development. On the web banking, cell banking and 24 hrs client service centers are their specialty.



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