Thursday, August 18, 2011

Outer Banks LP Pays $2.1M for Two Ground Leases

"Outer Banks LP, a Pennsylvania-based investor, acquired the two absolute-net ground leases in Womelsdorf, PA, from Womelsdorf I LP for $2,125,000.

The two tenants involved in the lease were Fulton Bank Corporation and Turkey Hill, LP. Both are subject to a 15-year, net ground lease. They are located on Route 422 in Womelsdorf, PA which is located in the Berks County submarket."

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