Calkain Companies LLC, brokered the $1.9M sale of the multi-tenant retail property at 10124-10128 Colesville Road in Silver Spring, MD. Offered for sale was the 100% leased, 6,400 SF three tenant retail property along one of the DC region’s busiest roadways. The buyers acquired the property as part of a 1031 exchange.

Calkain's Rick Fernandez, Senior Managing Director, represented the seller in the transaction. Fernandez commented, "Located in a dense suburban commercial and residential community, just inside the Beltway, the Colesville Road retail offered a solid, long term, retail investment in a market with historically low vacancy rates.” He continued, “The location, long operating history, strong traffic counts and demographics were critical to closing the deal.”

The transaction closed within the last thirty days.

Currently, Fernandez has over $58M of inventory in Washington, DC market real estate listed or under contract, including the only drive-thru Chick-fil-A in DC at 1401 Maryland Avenue, NE.

Calkain Companies LLC is a commercial real estate brokerage firm specializing in assisting buyers and sellers with single and multi-tenant net leased properties. Calkain works with everyone and delivers a global buying audience to a highly sought after, client-focused platform that covers all aspects of the transaction including advisory, brokerage, debt and equity placement, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at calkain.com.