NEW YORK, NY, July 03, 2019 — B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of the Midfield, Alabama, Walgreens property for $5,757,385.
The seller is Jonna Realty Ventures and the buyer is Malhotra Enterprises, LLC. The NNN property has a remaining lease term of 15 years.
“This was a phenomenal exit for our client,” said Spencer Henderson, a B+E advisor. “B+E is known for finding previously unknown, cross-country buyers. However, this deal shows the power of our 1031 trade platform to also surface local interested buyers.”
Located at 101 Bessemer Super Highway, the 13,400 square foot building is in a dense residential corridor with over 160,000 residents within a five mile radius and a short distance from downtown Birmingham.
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry. Complementing senior talent with exceptional technology, B+E's proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Tampa and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
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