The property garnered a staggering $ 24.7 million, or $ 1,915 per square foot, a record for CVS drugstores and
a record low cap rate of 4.97 percent.
The CVS deal follows on the heels of a March transaction in which Calkain Urban Investment Advisors completed the sale of the Dupont Circle Starbucks Building in Washington, D.C., a mixed - use net - lease investment, to an institutional private equity group, for $ 1,672 per square foot and 4.3 percent cap rate,
another record low cap rate for this sector.
We are in
record low cap rates, so where do they go from here?
Community and neighborhood retail centers anchored by a grocer were by far the most popular with investors, which is evidenced by an 11 percent rise in sale prices for this product type and
record low cap rates of 7 percent to 8 percent.
Not exact matches
By focusing on
low - priced, small -
cap stocks with explosive volume patterns, Rick has developed an excellent track
record for picking Blast Off stocks that run 50 %, 60 %, or sometimes 100 % in a very short period of time.
The current school year's baseline
cap of 0.12 percent was a
record low.
The budgets were approved amid a
record -
low cap on property tax increases.
School districts in the 2016 - 17 budget year will have a
record -
low cap on property tax increases, a report from the New York State Association of School Business Officials found.
The
low cap is due to
record -
low inflation and is reviving a push from education advocates the Legislature considering altering the measure so that the limit is at 2 percent, not tied to the consumer price index.
The permanent Arctic ice
cap dwindled to a
record low this week, presaging a future of a summertime Northwest Passage and obscuring fog
It's almost certain that 2016 will be the second - hottest year on
record for the contiguous U.S., with new data showing that November was the second warmest on
record for the
Lower 48,
capping off a
record - hot autumn (for the second year in a row).
Capping off a season of sustained, mind - boggling warm weather and stunted sea ice growth, the annual Arctic sea ice maximum hit its
lowest level ever
recorded.
Low Turnover: Steadyhand's funds do not have a long track record but the Equity Fund and Small - Cap Fund have reported low turnover for the past two yea
Low Turnover: Steadyhand's funds do not have a long track
record but the Equity Fund and Small -
Cap Fund have reported
low turnover for the past two yea
low turnover for the past two years.
Christie's results
cap an uneven season that vacillated between
record highs and
lows.
Nevertheless, the
record -
low sea ice concentration is consistent with a shrinking ice -
cap due to a warming.
Climate News Network: The Arctic ice
cap has just passed its summer minimum — and it's the sixth
lowest measure of sea ice
recorded since 1978, according to scientists at the US space agency NASA.
In 2012, the ice
cap over the Arctic Ocean shrank to its
lowest extent ever
recorded.
In the eight years of the Bush presidency, the world saw the Arctic ice
cap shrink to a
record Summer
low, the relentless rise of greenhouse gas emissions, and warnings from scientists shift from urgent to panicky.
Last week saw the annual summer minimum of the Arctic ice
cap, which has now shrunk to the
lowest level satellites have ever
recorded.
Carrington continues: «Last week saw the annual summer minimum of the Arctic ice
cap, which has now shrunk to the
lowest level satellites have ever
recorded.»
The Arctic ice
cap, which reached a
record low volume last year, has lost as much as 40 percent of its area during summer in just 30 years.
The revelation also fits neatly into the wider story of the Arctic ice -
cap; it too has seen its domain shrivel, to the
lowest size on
record this summer.
As a matter of fact, bitcoin's share of all cryptocurrency holdings has increased substantially since the start of the year when it accounted for a
record low percentage of the total market
cap.
Bitcoin has fallen to a six - week
low, and data from CoinMarketCap
recorded Bitcoin's market
cap, at its
lowest point, at almost half of what it was a month ago.
Are you concerned about where we are in the cycle, reflected by near
record -
low cap rates in many markets?
The average
cap rate in the six major U.S. metros (Boston, Chicago, Washington, D.C., Los Angeles, New York City and San Francisco) decreased to 4.1 percent in the third quarter, the
lowest rate on
record.
The Boulder Group
recorded the historic
low cap rate of 6.5 percent at the end of the fourth quarter.
All multi-family properties in the Greater DT St. Petersburg area have been trading at
record -
low cap rates.
Private buyers» voracious appetite has pushed
cap rates to
record lows, and the supply - demand imbalance has forced many investors to re-evaluate their risk profile, according to Patrick Nutt, a managing partner with Calkain Cos., which focuses on triple net lease investments.
Regardless, there are many catalysts: a tight labor market, wage growth picking up, a stock market at or near
record highs, housing values rising quickly, high commercial real estate prices,
low cap rates and narrow credit spreads.
This level puts overall retail
cap rates at a new
record low, but still attractive to foreign investors.