REBusinessOnline

STREAM Capital Partners Brokers Sale of Two-Tenant Retail Property in New York

Tim-Hortons-Ithaca-NY

The 2,480-square-foot property is leased to Tim Hortons and Cold Stone Creamery.

ITHACA, N.Y. — STREAM Capital Partners has arranged the sale of a 2,480-square-foot two-tenant retail property in Ithaca. A private investor purchased the property for $640,000 at a 6.25 percent cap rate. The property was under a short-term existing ground lease to the current tenants, Tim Hortons and Cold Stone Creamery. Susan Harris of STREAM Capital Partners represented the undisclosed seller in the transaction.

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