Syndicated Equities is pleased to announce the sale of a 13,905 square foot free-standing Walgreens located in Del City, Oklahoma.
Syndicated Equities recently closed on the sale of a Walgreens located at 4300 SE 29th Street in Del City, Oklahoma. Syndicated originally acquired this asset through a tenant-in-common structure on February 24, 1997 for $2,840,500 consisting of $790,500 in original equity and mortgage financing of $2,050,000. The loan was fully amortizing with a maturity date in early 2016 coinciding with the original lease expiration with Walgreens. During its ownership, Syndicated Equities paid off the original loan and negotiated two long term lease renewals in 2014 and 2021. After 24 years of ownership the property was sold resulting in a profitable outcome to investors.
Syndicated Equities provides individuals with institutional quality, commercial real estate investments. Since 1986, the firm has developed an expertise in co-investment ownership, net lease brokerage services, global real estate opportunity funds, and more recently, qualified opportunity zones. To date, Syndicated Equities has made over 100 investments representing over $500 million of equity and $4 billion of total asset value.