NNN Pro Group, the market-leading investment sales firm in the country, is pleased to announce the successful sale of 7 Care Lane, a 9,488-square-foot triple-net-leased office property located in Saratoga Springs, NY for $1,661,669.
Glen Kunofsky, Alexander Doolin and Richard Nardi of NNN Pro Group represented the buyer, Vartan Jerian Jr., in the all-cash 1031 exchange transaction.
“Saratoga Springs remains a vibrant yet competitive market in upstate New York, making it an attractive asset for a long-term investor,” said Glen Kunofsky, managing director of NNN Pro Group. “The area is a popular tourist destination year-round and a vibrant commercial hub for area residents. The buyer, who purchased the property, wanted to take advantage of the persistent demand for net-leased properties with a long-term credit tenant in place.”
7 Care Lane is a one-story, 9,488-square-foot office property located in Saratoga Springs, NY. Built in 1998 and renovated in 2020, the property sits on 1.82 acres and boasts 56 parking spaces. The property is currently occupied by Childtime Learning Centers, one of the largest daycare providers in the country with more than 200 locations across the U.S.
