Hanna Imports Acquires Crossroads Nissan And Office Buildings In Wake Forest For $17M

This transaction involved the sale of two properties located at 11120 and 11124 Capital Boulevard in Wake Forest, NC, comprising a total of 19.0 acres designated for retail use. The sale was completed for a total price of $17,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,000,000
• Buyer: Hanna Imports
• Seller: Allen Boyd - Crossroads Automotive Group
• Loan Amount: $10,000,000
• Market: Wake Forest, NC

Hanna Imports acquired the properties from Allen Boyd of Crossroads Automotive Group, which includes ownership of Crossroads Nissan of Wake Forest and an adjacent office building. Crossroads Automotive Group plans to lease the properties back from Hanna Imports following this transaction.