–SperryCGA-Griffin Partners Press Release–
Griffin Closes 1031 Portfolio Sale
April 24, 2019
Greenville, South Carolina
Mark Griffin, CCIM recently closed a 1031 Exchange portfolio replacement deal which included a newly completed 8,400 sf Family Dollar store located in Anderson and a 4,000 sf office condo building located in Greenville and occupied by Curo Health Services under a long term lease. Griffin’s client Pacrat, Inc recently closed the sale of a long held self storage facility. Griffin orchestrated the 1031 exchange into the replacement assets and closed the transactions within 45 days. Griffin identified and analyzed and presented several scenarios for replacement for highest ROI and cash on cash return. The final sale included a blended cap rate of 8.55%. The Family Dollar is located at 2602 Whitehall Road in Anderson and the 4,000 sf office building is located at 880 S Pleasantburg Drive in Greenville. Mark Griffin serves at CEO and Managing Principal at SperryCGA-Griffin Partners. Mr. Griffin is a Certified Commercial Investment Member (CCIM), of which less than 6% of practicing commercial brokers obtain globally.
About Sperry Commercial Global Affiliates: Sperry Commercial Global Affiliates, LLC offers the highest level of commercial real estate services available through thoughtful, cooperative, and ethical practices. The firm is headquartered in Irvine, CA, and combines more than 200 sales professionals and 32 affiliate operations across 34 offices throughout the United States. For more information, visit www.sperrycga.com.