Landmark Commercial Realty is proud to announce the closing of the final piece of the Triscari portfolio: 41-43 W Main Street, Mechanicsburg. Mike Rohm and Kevin Agnew represented the owner of the former Mechanicsburg Bank Building which is currently the home to the locally renowned Kanagawa Japanese-Style Restaurant.
The during the marketing process, the team handled a renegotiated retail lease, a difficult eviction, and multiple offers that ran concurrent with the changing landscape.
The transaction resulted in a 6.80% in-place cap rate and a 10.10% pro forma cap rate – which projects renovation and stabilization of the 3 upper floor apartments.
Please reach out to the team to discuss this transaction or similar opportunities in your market by visiting: https://lnkd.in/ezxWRYNv