CCI Acquires Net-LeasedLight Industrial Property

AUSTIN-Capital Commercial Inc. acquired a 241,564-square-foot light industrial property from Calcasieu Real Estate Holdings. With the dust settled on the transaction, the local buyer is in possession of a property triple-net leased by single tenant Stock Building Supply.

“This transaction represented the second closing we helped facilitate for Calcasieu Real Estate Holdings on Stock Lumber Supply properties,” explains Walter Saad with CBRE in a press release. “The sellers were concerned about the possible implementation of an increase in the Capital Gains tax, and the buyer was willing to expedite the transaction and close before yearend 2012.”