Calkain Companies Arranges Sale of Chase Bank Ground Lease

Reston, VA – July 25, 2013 – (RealEstateRama) — Andrew Fallon and Jon Florin, Assistant Vice Presidents at Calkain Companies, a national real estate investment brokerage firm, recently arranged the purchase of a Chase Bank (NYSE: JPM) corporate ground lease in Streetsboro, Ohio. The private investor, a frequent Calkain client, was drawn to the low price point and stable investment that the Chase Bank ground lease offered. The property closed within the last 30 days for a price of $1,260,000.

Andrew Fallon stated, “My client was seeking credit and segment diversification within in his portfolio which includes CVS, Rite Aid, and now Chase Bank. The subject property offers stable income from an investment grade A+ credit tenant.” Fallon continued, “In the low interest rate and compressed cap rate environment, it was critical that we identified an opportunity with structured rent increases to help hedge refinance risk and inflation.”

Calkain Companies is a boutique commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant retail, industrial, hotel and office net leased transactions. While licensed to conduct business in many states, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.