Just Sold Carrabba’s Italian Grill

The sale of Carrabba’s Italian Grill, a 7,500 square foot freestanding pad building built in 2005 was recently recorded.  The location of the property is the NEC Interstate 40 & Highway 15, Durham, North Carolina.  The property sold to Coachella Associates, a California limited partnership.  The seller was Hugh & Sarah Ashcroft of Charlotte, NC.  The sales price was $1,800,000, which equates to $240 per square foot.  The building was 100% occupied at closing.

Mark Rein of Rein & Grossoehme represented the buyer.  Mark Rein specializes in the sale of shopping centers and has sold 91 such properties over the years. For more information regarding the above listed transaction, contact Mark Rein at 480-214-9414 or Mark@RGcre.com.

Specializing in commercial real estate for over 20 years, Rein & Grossoehme is consistently recognized as a market leader in Arizona and provides services in retail leasing and sales, office leasing and sales, industrial leasing and sales, land and pads, self storage properties, multi-family properties, single tenant triple net leased properties, and tenant representation.

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