Will Sherrod, CCIM of NAI Charleston facilitates two net leased investment sales
January 26, 2022
Will Sherrod, CCIM, of NAI Charleston, facilitated two single tenant net leased deals in recent weeks.
Sherrod represented the buyer of the Firehouse subs building located at 890 US 401 Bypass in Laurinburg, NC. The buyer was JHLC Properties, LLC and will be an asset of the regional operator of the Firehouse Subs brand. The seller was RZ Laurinburg, LLC, who was represented by Will Choate of New South Properties. The building was sold for $1,500,000.
“I always enjoy representing long term clients in the acquisition of an asset that has multiple benefits,” stated Sherrod. “The buyer is establishing a real estate asset on top of a business opportunity created for the latest Firehouse Subs in the Southeastern NC market.”
Sherrod represented the sellers of 7351 Rivers Avenue in N. Charleston in the sale of an unsubordinated ground lease property that has Verizon Wireless as a tenant. This buyer entity was represented by Benjy Cooke with Oswald Cooke & Associates. The sellers were Harvey and Barbara McCormick, and the property sold for $1,680,000.
“The Charleston investment market continues to excel and trade properties at aggressive cap rates,” commented Sherrod. “I am pleased to have been able to create a valuable return on an investment for my clients.”
For more information, contact Will Sherrod, CCIM at +1 (843) 364 3796 or [email protected].
About NAI Charleston
NAI Charleston is a full-service commercial real estate firm consisting of industry experts that share over a century of combined experience in the Charleston commercial real estate industry, and over $1 billion in total transaction volume. In 2017, local brokers Thomas Boulware, Dexter Rumsey, David Ingle and David Grubbs partnered to found NAI Charleston as an independent franchise of NAI Global. This partnership has strengthened the team’s leadership and footprint in the Lowcountry. As an owner-operated firm, NAI Charleston possesses a highly personal and unparalleled focus on their clients’ needs. Local ownership and leadership paired with global resources affords NAI Charleston the unique opportunity to provide the best of both worlds to their clients: Lowcountry roots with a global reach. As a member of NAI Global, NAI Charleston has independent access to the largest, most powerful network of owner-operated commercial real estate firms in the world. Their affiliates comprise 6,000 professionals in 375 offices and 36 countries. Their brokerage, development, management, and consulting services are tailor-made to meet the specific needs of each assignment – from single transactions to coordinating the delivery of multiple services over broad geographic areas. naicharleston.com.
