Eastern Net Lease Advisors combines the talents of a team of seasoned commercial real estate professionals whose market expertise has led to almost $500 million in brokerage transactions throughout all phases of the commercial real estate life cycle.
Primarily focused in the New England market, ENLA’s approach to commercial real estate analysis is based upon product and market knowledge allowing us to anticipate trends within the industry.
With the goal of providing unique and adaptable services to address the precise requirements of each individual client our philosophy is simple; provide our clients a creative and customized solution that utilizes value added services that exceed their expectations.
Investment Group looking to acquire multiple CVS deals.
Single & Portfolio Deals
New-All Cash & Takeouts
Existing Deals-Short Term Leases Ok
Assumable Existing Debt OK
Will Buy Debt/Notes
Primary & Secondary Markets
OK Client is paying our fee.
Can close year-end on clean deal.
Michael R. O’Mara
Eastern Net Lease Advisors
Cap Rate Compression: In simple terms, demand has outreached supply in this interest rate environment. From 2002-2003 a Walgreen’s deal ( or Investment Grade) went from around 8% + cap rate down to -6-6.25% cap rate, and in some instances sub 6% cap rate. Post 2007 cap rates moved upwards into the area of 7.25-7.5% (Investment Grade) sometimes higher depending upon the motivation of the seller, usually a developer looking to get out. Fast forward to today, the supply pipeline is limited with enormous amounts of capital looking for deals. We’re in the lowest interest rate environment and we’re seeing pre-recession pricing mistakes, if you’re a buyer! Investors are chasing yield, yet we’ve seen nearly a 150 basis point compression the last 18 months. So what gives? If interest rates have to go up, and you’re buying into the pre 2007 market prices, do you have an exit?