CrownPoint Partners has completed the sale of a newly constructed, single-tenant net-leased property occupied by Range USA in Southgate, Michigan, to a publicly traded real estate investment trust. The sale price was not disclosed.
Julius Swolsky and Shannon Bona, Managing Partners and Co-Founders of CrownPoint Partners, represented the seller, CA Commercial Development, and the buyer, FrontView REIT, in this off-market transaction.
The property, located at 12780 Reeck Road, comprises a newly built 14,933-square-foot building on a 2.2-acre parcel under a long-term absolute net lease. “The Range USA Southgate property exemplifies the strong demand for well-located, high-quality net lease assets in key markets, especially those with prime interstate access and new long-term leases,” said Swolsky.
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The post CrownPoint Partners Facilitates Sale of Net-Leased Property to REIT appeared first on Connect CRE.
