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Northern Tool + Equipment Catalog Co. Sells Retail Building

Realty Income Corp. Acquires Property for $3.5 Million
April 11, 2014
Northern Tool + Equipment Catalog Co., a tool and equipment retailer, sold 4927 New Bern Ave. in Raleigh, NC for $3.51 million, or about $140 per square foot, to Realty Income Corp.

The retail building totals 24,964 square feet. It was constructed in 2003. At the time of sale, the property was fully occupied.

Clay Mote of Venture Commercial Real Estate represented the seller, while the buyer was self-represented in the transaction.

Please see CoStar COMP #2988281 for more information.

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