B+E, the first tech-driven brokerage and trading platform for net lease real estate, today announced the sale of the SunTrust property located at 3109 W. Vine Street, Kissimmee, FL 34741 for $1,750,000.
TAMPA, FL, December 02, 2019 /24-7PressRelease/ — B+E, the first tech-driven brokerage and trading platform for net lease real estate, today announced the sale of the SunTrust property located at 3109 W. Vine Street, Kissimmee, FL 34741 for $1,750,000.
The seller is East Coast Acquisitions and the buyer is a private investor. The building is +/- 3,172 on +/- 1.13 acres of land and includes parking. The property carries a seven-year lease and sold at a cap rate of 5.77%.
“This property was highly sought after due to Florida’s tax environment, the demographics, tenant segment, location and being a newer build,” said Kane Morris-Webster of B+E. “We took to market and received multiple offers in the first 30 days. Then was able to assist the seller in finding the right buyer.”
B+E is a modern investment brokerage firm, specializing in net lease real estate and 1031 Exchange. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Tampa, Denver and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
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