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.

ABOUT INTERNATIONAL CAPITAL, LLC

International Capital, LLC is a boutique real estate advisory firm with over 35 years experience representing more than 100 legal entities in its capacity as asset manager and as property manager. The company handles a portfolio of more than 20 properties in the southwestern United States. Offering a wide range of commercial real estate services, specialties include the acquisition, disposition, management and administration of commercial investment properties. Land and property development, funds conception, mezzanine financing and cash management are also integral parts of the company’s portfolio.