L. MASON CAPITANI COMPLETES OFFICE SALE

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EASTPOINTE, MICH. — L. Mason Capitani/TCN Worldwide (LMC) has brokered the sale of a 16,600-square-foot office building located at 20811 Kelly Rd. in Eastpointe. The property is currently 100 percent occupied. Al Iafrate of LMC represented the undisclosed seller, and Jason Capitani and Chris Steel, also of LMC, represented the buyer, Eastwood LLC. The acquisition price was not disclosed, but the asking price was $1.2 million, which represents a 13.6 percent capitalization rate.

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