Publication
- December 2018
German Family Office acquires Starbucks property in Virginia/USA
154 Starbucks

A German Family Office represented by International Capital purchased a newly built property leased to Starbucks in Roanoke, Virginia.

The property is located at a heavily travelled intersection, close to Roanoke’s convention center and along the interstate access road. The 10-year NNN lease includes multiple 5-year options.

A 3-story Holiday Inn Express hotel is going to be built adjacent to the property. Construction start is planned for 2019.

The purchase was as part of a tax-deferred 1031 Exchange. The client replaced a property that was sold via IC earlier in 2018.

The acquisition was made in cash without financing.

Martina Crevecoeur, CCIM, International Capital’s Senior Vice President of Acquisitions/Dispositions represented the Family Office in the 1031 exchange transaction.

Contact
DCM072561
Sandra Bauer
Investor Liaison & HR Manager
sbauer@international-capital.com
+1 469 687-2500
sbauer@international-capital.com
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