STREAM Capital Partners has brokered the sale of a Chase Bank branch in Phillipsburg, New Jersey. A private buyer acquired the property for $4,014,463. Jordan Shtulman and Jonathan Wolfe of STREAM Capital Partners represented the seller on the transaction.
“High net worth families continue to look for NNN real estate leased to investment grade tenants like Chase Bank. This Chase Bank lease was extremely attractive to the investor because it offered 20 years of guaranteed lease payments in addition to rental increases throughout the primary term and option terms, providing a hedge against inflation,” said Shtulman.