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These assets were part of a large Wells Fargo Net Lease Portfolio—click below to view additional locations; individual, sub-portfolio and portfolio offers are encouraged
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CBRE Capital Markets recently closed 3 Wells Fargo assets in Charleston, SC Lakeland, FL | Virginia Beach, VA | |
| TRANSACTION HIGHLIGHTS | |
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| MISSION-CRITICAL LOCATIONS – The properties are critical to Wells Fargo’s East Coast expansion since their acquisition of Wachovia | |
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LONG TERM LEASE – With over 10.5 years of initial lease term remaining, the investors will enjoy an investment-grade cash flow stream for an extended period of time | |
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| BELOW-MARKET RENTAL RATES – The current rental rate under the Master Agreement is $6.04 PSF NNN, which represents a significant discount to average market rental rates in the subject submarkets | |
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DISCOUNT TO REPLACEMENT COST - A rare opportunity to acquire a critical mass of investment-grade net leased assets below their replacement costs, especially based on current construction costs | |
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SAFETY BACKED BY INVESTMENT GRADE-TENANT – Wells Fargo Bank N.A. (S&P: AA-) is the primary U.S. operating subsidiary of Wells Fargo & Co., a financial services company with over $1.5 trillion in assets and over 9,000 branches | |
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FREE AND CLEAR - The assets were sold without existing financing in place | |
