Rick Fernandez of Calkain Organizations Brokers $10MM In NNN Lease Expenditure Income

Reston, VA — Calkain Companies’, a national authentic estate financial investment brokerage organization, has procured the sale of a few triple net (NNN) lease financial investment properties such as a Wendy’s in Bowie, MD, M&T Bank in Maple Lawn, MD and a CVS in Fairfax County, VA totaling almost $10 million.

Rick Fernandez, Assistant Vice President of Calkain Realty Advisors’, the non-public industry division of Calkain Organizations, led the marketing and gross sales for every of the transactions. Fernandez commented, “The Clean DC metro space has national appeal and the combination of powerful efficiency by the tenants and superior profile spots built these distinctive opportunities for the traders.” Fernandez produced multiple gives for every of the property and ultimately done the sale of every transaction in an naturally difficult industry. Jonathan Hipp, President & CEO of Calkain Organizations ongoing, “Rick proved that excellent authentic estate is really desirable, no matter what industry cycle is happening.” In every situation, ideal personal debt was positioned on every asset and leveraging the properties with a supportive loan was an important thought for every customer. Fernandez mentioned,” The availability of favorable funding is testament to the power and balance of the Clean DC metro industry.”

The transactions closed within the past thirty days and are recorded in the community record. 

His 20 yr vocation in the marketplace spanned every component of communications solutions from communications method style and engineering to immediate gross sales for the main vendors of communications hardware, program and voice, facts and wireless solutions.

Rick most a short while ago served as Nextel’s Countrywide Director of Tailor made Network Methods which formulated and developed campus and in-developing wireless infrastructure in assistance of industrial and governmental applications and solutions carried more than the Nextel network.

Rick still left Nextel following the merger with Sprint and has immediately immersed himself in the aspects of the Web Lease financial investment sector of the industrial authentic estate industry.