Rite Aid Exclusives Sold Through 1031 Exchange

Rite Aid Exclusives Sold Through 1031 Exchange In 2 Months

SIP Broker(s): Stuart Frankel and Aaron Etessami

Transactions: Hicksville, NY. 3 Rochester Rite Aids in sold by Rochester based seller to 2 different NY based buyers. Both buyers were in 1031 exchanges. Silber helped the seller free up equity to purchase longer term safer leases in line with their portfolio. Seller and both buyers we exclusive to our the Silber office. Previous to the Silber listings, a national brokerage firm had the exclusives for several months with unsuccessful results.

Silber was given exclusives and were able to secure extremely strong 1031 buyers with deals closed in less than 2 months.

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