B+E announces sale of Darien TD Bank property for $6.9 million

NEW YORK, October 4, 2018 – B+E (Brokers+Engineers), the first brokerage firm and trading platform for net lease (NNN) real estate, today announced the sale of property that is leased long-term to TD Bank in Darien, Connecticut.

Located at 55 Boston Post Road, the +/- 4,380SF location was sold for $6,900,000 at a 5.1% cap rate. The property has +/- 7 years remaining on the lease and was sold to a 1031 exchanger.  B+E represented the seller, Chimblo Family Real Estate, LLC.

“We were happy to source a 1031 exchange buyer for the sale of this property,” said Spencer Henderson, B+E broker.  “B+E achieved an impressive valuation for this bank branch, rarely seen in the marketplace today.”

For more information on this transaction, contact Spencer Henderson at shenderson@benetlease.com or go to www.benetlease.com

With offices in New York, Tampa and San Francisco, B+E sets the modern standard for net lease real estate brokerage services and performance.  The B+E trading platform consists of user-friendly dashboards, real-time predictive pricing and an AI-driven exchange -- all leveraging the largest data set in the industry. Buyers and sellers can conduct entire NNN transactions online, reviewing real-time credit, news and tenant data while they trade, much like online stock trading platforms.  The mission of B+E is to help virtually anyone confidently trade net lease.