ORLANDO—Net leased transactions may be small indollar-size, but they are a big story in Florida'scommercial real estate market. With strong demandand low supply, prices are rising.
The latest example is the sale of a single-tenantretail property leased to Branch Banking and TrustCompany (BB&T). HM 2051 Town Center Boulevardsnapped up the net leased asset from Florida-basedprivate investor Day One for $3.7 million.CBRE represented the seller.
Located at 2051 Town Center Boulevard in Orlando, the sale camewith a 1.18-acre parcel subject to a 22-year triple-netlease. Eight years are remaining on the lease.
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