3 Rochester Rite Aids in sold by Rochester based seller to 2 different NY based buyers. Both buyers were in 1031 exchanges. Deals closed in less than 2 months.
A buyer that had recently sold property was looking to acquire triple-net (NNN) properties through their 1031 Exchange. Silber was able to structure two deals on three properties.
Silber strategically marketed this deal as a premium property perfect for families and commuters to New York City, quicklly securing a buyer and closing 30 days from a contract signing.