TCN Worldwide Deals, Industry News and Highlights
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| TCN Assignments |
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Congratulations! Sitar Realty Company/TCN Worldwide in Northern New Jersey completed an assignment with MS&C Commercial/TCN Worldwide in Sarasota. Thomas Saito at Sitar Realty Company initiated the retail assignment and worked with Alex Stele at MS&C Commercial to complete this five-year lease. |
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| CRE Industry News, Top Stories |
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| TCN News, Deal Announcements & Member Highlights |
Johnson Group Commercial Real Estate/TCN Worldwide in Reno, NV Brokers The Sale of a Gravity Coffee - 25-Year NNN Leased Investment for $2,000,000
Johnson Group Commercial Real Estate announced the sale of a Gravity Coffee location, in a brand new 25-year absolute triple-net lease, located at 20049 N. 24th Way, Phoenix, AZ, which sold for $2,000,000. Ryan Johnson, CCIM represented the buyer, PHX Retail LLC.
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Stark Accelerators/TCN Worldwide in Boise Welcomes Tyler Moyer as its Newest Associate
Tyler has had the opportunity to travel the country and be in conference rooms presenting to business owners and executives as an IT Consultant, he’s experienced the ups and downs of entrepreneurship as a co-owner and operator, and he’s gained industry knowledge and experience focused on commercial real estate leasing and sales since 2019. |
Barclay Street Real Estate/TCN Worldwide Market Brief: "Unlocking Capital Bound by Real Estate Ownership"
Sale/leaseback transactions are an option for obtaining maximum equity and accessible working capital from owned real estate. This type of transaction allows the owner of a property to sell it and then lease it back from the buyer at a rental rate and lease term that is acceptable to the new owner, typically on terms consistent with the given market’s rates. The primary purposes of this strategy are to raise money or to free up the owner’s equity for other uses, while retaining use of the facility. |
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