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Lee L Saad Construction Acquires Clayton Retail for $1.5M

Lady Street Development Sells Pep Boys in Pine Hollow Commons
May 14, 2013
Lee L. Saad Construction acquired the 4,998-square-foot general retail building at 11999 US Hwy 70 Bus. in Clayton, NC from Lady Street Development LLC for $1.54 million, or about $309 per square foot.

The property is a newly-constructed, all-brick building located on eight-tenths of an acre in the Johnston County submarket, part of the Pine Hollow Commons shopping center at the southwest corner of Shotwell and US-70. Pep Boys occupies the entire property on a new 12-year lease.

Chad Firsel and Daniel Waszak of Quantum Real Estate Advisors, Inc. represented the buyer.

Please see CoStar COMPS #2739394 for more information on this transaction.
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