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Closed Transactions

Closed Transactions

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Osborne emphasized the importance of acquiring prime single-tenant properties on major thoroughfares, especially with pending legislation favoring such investments.

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Within a day of his initial meeting with the Seller, Osborne brought in a contract at 95% of list price with a non-contingent, 30-day closing other than clear and marketable title with the full contract price placed in escrow.

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The property sold for $1,575,000.

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The deal marks the investor’s third acquisition of these types of investments in the last year.

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The newly constructed build-to-suit property was built for Sanitas Medical Center, which currently occupies the property. The Tenant signed a 10-year lease with over 9 years remaining with an annual increase at the time of the sale.

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The transaction represents the sixth that Ron Osborne has completed with this buyer.

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Osborne is now representing the buyer of two of the properties in its 1031 exchange and has identified several properties of interest for purchase.

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“The market is a shifting from a Seller’s market to a market-in-equilibrium and depending on future interest rate increases, it could shift to a Buyer’s market,” commented Osborne. “Demand is high for all asset classes and certain property types that are harder to locate and in demand and are trading quickly at top values like the 1771 S State Road 7 property.”

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The transaction marks the fifth in which Osborne has represented the investor in the last 12 months.

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The operator has occupied the property for 38 years and has 8+ years remaining on the lease with an annual 2% rent increase.