Jun
01
Friedman Intermediates Wendy’s Restaurant Sale
ByThe 2,586-square-foot property is part of an active retail corridor in Southfield, Mich., and is currently fully leased by fast-food retailer Wendy’s.
Friedman Integrated Real Estate Solutions has facilitated another commercial real estate sale in Michigan, this time a retail property in Southfield, Mich., a northern suburb of Detroit. The asset is a 2,586-square-foot Wendy’s restaurant, sold by SCR Holdings LLC to a West Coast investor.
Steven Silverman, an associate with Friedman, represented both the seller and the buyer in the transaction. The price remains undisclosed, but according to Silverman, “This acquisition provided the West Coast buyer an opportunity to purchase an investment grade asset at a higher yield than comparable assets are trading for in other areas of the country.”..
