San Francisco – CA – (RealEstateRama) — Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of a 3,500 SF Aspen Dental located at 3018 NY Route 417 in Olean, NY. The property was sold for $1,647,058 to a California investor.
This Aspen Dental is a 10-year corporate lease, pad to a regional anchored shopping center with a Home Depot, Walmart Supercenter, Old Navy, BJ’s Wholesale, and Carmike Cinema. The property is located on the primary east-west arterial in town.
Aspen Dental, the largest dental tenant in the U.S., has more than 500 locations that offer patients a full range of denture and dental services.
John Andreini of Capital Pacific represented the seller, and commented on the market, saying “Investor interest in medical and dental uses has proliferated.” Capital Pacific has sold several properties with Aspen Dental as a tenant.
About Capital Pacific
Capital Pacific is a retail-focused investment sales brokerage firm with offices in San Francisco, CA; Portland, OR and Seattle, WA. The company sells single and multi-tenant properties regionally throughout Northern California, and across the US. Capital Pacific has completed over $8.89 billion in retail transactions for both institutional and private clients. www.capitalpacific.com