Cleeman Realty, a leading real estate brokerage firm specializing in commercial retail properties, is pleased to announce the recent sale of a prime net lease Grand Union supermarket located on NY-281 in Cortland, New York. The property, spanning an impressive 77,000 square feet on 11.1 acres of land, was sold for a remarkable $12,200,000. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented the buyer and seller in the transaction.
The buyer, a publicly traded Real Estate Investment Trust (REIT), was attracted to this exceptional investment opportunity due to the property’s long-term lease and strong sales volume. Cleeman Realty facilitated the transaction, leveraging their industry expertise and vast network to ensure a seamless and mutually beneficial deal for all parties involved.
The net lease Grand Union supermarket is strategically situated in Cortland, NY, an area known for its thriving commercial landscape and high consumer demand. The property’s substantial size and extensive land area further enhance its appeal, providing ample space for current and potential future expansion opportunities.
“Cleeman Realty takes great pride in representing exceptional properties, and the sale of the net lease Grand Union supermarket in Cortland exemplifies our commitment to delivering superior results for our clients,” said Cleeman, President of Cleeman Realty. “The long-term lease and impressive sales volume at this location made it an attractive investment, and we are thrilled to have facilitated this successful transaction.”
This landmark sale showcases Cleeman Realty’s ability to navigate complex real estate deals and secure optimal outcomes for their clients. With their unwavering dedication to client satisfaction and extensive market knowledge, Cleeman Realty continues to be the go-to brokerage firm for grocery anchored commercial properties.
For more information about Cleeman Realty, please visit www.cleeman.com
About Cleeman Realty Cleeman Realty is a prominent real estate brokerage firm specializing in commercial properties. With a reputation for excellence and a commitment to delivering superior results, Cleeman Realty has become a trusted partner for buyers and sellers in the commercial real estate market. By combining in-depth market knowledge, a vast network, and innovative strategies, Cleeman Realty offers unparalleled service and expertise to clients across various industries.