Plainview, NY 11803
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PLAINVIEW, NY, November 21 – Two properties, located on Lawrenceville-Suwanee Rd. in Suwanee, GA less than two hundred yards apart, sold in back-to-back weeks totaling over $3,800,000. The deals had no relation, with different sellers and different buyers of both. Both property owners selected Silber to represent them in the sale for their ability to bring qualified buyers. Silber Investment Properties, Ltd. represented the seller of the IHOP property on an Exclusive basis. Silber committed to an intense marketing strategy in order to procure the buyer. Silber worked non-exclusively on the sale of the KFC property, utilizing a proprietary internal database of investors and owners, Silber obtained a buyer for the KFC, a private investor they had done previous deals with.
The details of each sale are listed below.
Property Address: 3277 Lawrenceville-Suwanee Rd. Suwanee, GA
Tenant: KFC
Square Footage: 3,276 SF
Lot Size: 1.06 Acres
Sale Date: November 11, 2019
Price: $1,880,000 (5.29% CAP)
Seller: SBKFC HOLDINGS, LLC
Buyer: Jay Yuu
Chinho Park of Silber Investment Properties represented the buyer. Bret Verderber of Silber Investment Properties represented the seller.
Property Address: 3463 Lawrenceville-Suwanee Rd. Suwanee, GA
Tenant: IHOP
Square Footage: 4,641 SF
Lot Size:.90 Acres
Sales Date: November 20, 2019
Price: $1,935,000 (6.23% CAP)
Seller: VITRUVIUS PROPERTIES, LLC
Buyer: River Edge Road Associates L.L.C.
Stuart Frankel, Vice President of Silber Investment Properties represented the buyer. Bret Verderber of Silber Investment Properties represented the seller.
ABOUT SILBER INVESTMENT PROPERTIES
Long Island based commercial real estate brokerage; Silber Investment Properties (SIP), specializes in the acquisition and disposition of retail investment properties ranging from multi-million dollar shopping centers to a single tenant chain store. In addition the SIP National Net Leased Division brokers hundreds of Triple-Net (NNN) Properties across the country. Silber Investment Properties has earned a reputation for brokering off-market, in-house transactions, and maintains relationships with REITs, large corporations, family trusts, developers, and private investors.
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