Closed Deal

US Bank- 10 YR Corporate Guaranteed Lease
25612 Emery Rd, Warrensville Heights, OH 44128
Seller/ Landlord
Deal Type:
Investment Sale and Lease Renewal
Austin Loconti
Steve Passov

Deal Highlights

Steve Passov and Austin Loconti were hired to renew US Bank on a new 10 YR lease term and then bring the property out to the market as an investment sale asset. After securing a 10 YR deal with US Bank at a flat rate through the base term, we brought the property to market at a 5.0% cap rate and closed in record time. All in all, total Due Diligence was 7 days and closing was 3 days later. We executed the transaction at our asking price within 2 weeks of being on market.