Apr
28

Greensboro Mattress Firm Sold

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Berkeley Capital Advisors is pleased to announce the sale of the Mattress Firm in Greensboro, NC for $2.37MM, completing a 1031 tax exchange. There were 10 years remaining on the lease at the time of sale. The property is located at 1220 Bridford Parkway. The 5,145 square foot building was built in 2012 and sits on a 1.12 acre outparcel.¬†Surrounding retailers include Target, Kohl’ s, Old Navy, Michaels, Ross, PetSmart, Chipotle, Mc Donald’ s, Home Depot, Sam’ s Club & Walmart Supercenter.

Terms were all equity directed from the qualified intermediary account. Steve Horvath represented the buyer.

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