Faris Lee Investments Completes $7.1 Million Sale of 24 Hour Fitness Occupied Retail Property in Lee’s Summit, MO

Faris Lee Investments Completes $7.1 Million Sale of 24 Hour Fitness Occupied Retail Property in Lee’s Summit, MO

Irvine, CA – June 27, 2011 – (RealEstateRama) — Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $7.1 million sale of a NNN leased, single-tenant, 35,600-square-foot property occupied by 24 Hour Fitness located at 900 NE Deerbrook St. in Lee’s Summit, MO. Built in 2007 and situated on 3.53 acres, the property is just off highway 291 and is within a busy retail area that includes Wal-Mart Supercenter, Office Max, Sears and many other national retailers and dining.

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Faris Lee Investments is a leading national real estate advisory firm.  The company’s high-level retail investment and financing experts develop forward-thinking strategies for all retail acquisitions and dispositions and guide clients through complex transactions.

Cumulatively, the Faris Lee’s leadership has been involved in more than $20 billion of transactions. Faris Lee's senior experts are skilled in disposition and acquisition strategies, 1031 exchanges, asset positioning and valuation, marketing, debt and equity structuring, strategic workout and REO solutions and execution. 

Contact:

West Coast: 949.221.1800
East Coast: 631.427.2999

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