THE SILVER GROUP SELLS A TWO TENANT BUILDING

Barry Silver has arranged the sale of a freestanding building leased to Subway and T-Mobile Wireless, located in Galveston, Texas. The property is located at the corner of 61st Street and Stewart Street and has remained full with the original tenants since its construction in 2004. Both leases are corporate backed, providing a reliable income stream. The lease rate for Subway is below market, providing some future upside for the new owner. This building, along with an adjacent CVS Pharmacy, comprise Stewart Plaza. The Silver Group exclusively marketed these assets individually to maximize the Seller’s proceeds. The Silver Group produced multiple offers. The Texas based Buyer was represented by Steves Rosser with DH Realty.