The Royston Group Closes $3.3 Million Sale of Bank America, Dallas, Texas

The Royston Group has closed a single tenant net lease property leased to Bank of America. Los Angeles, CA (PRWEB) October 19, 2011 The Royston Group today has closed the sale of a freestanding Bank of America branch in Dallas, Texas. The 4,000 square foot building is on one acre of land and is 100% leased to Bank of America on an absolute NNN basis. Greg Cortese represented the buyer, a Southern California family trust in a 1031 exchange. 'They were looking for a single-tenant property with a long term, high quality tenant, rent increases and in a great location. Pricing becomes secon
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