NAI Northern California is pleased announce that Vice President Jeff Gates was our Top Producer in 2013. Since joining NAI in March 2013 as a nationwide Net Leased investments specialist, he has closed thirteen transactions for a total consideration of nearly $27,600,000.
As for 2014, Jeff is already off to a great start. His newest listing is an Outback Steakhouse in Tuscaloosa, Alabama. This property is priced at $1,905,000 with a CAP rate of 6.75% and 11.5-year lease term.
Recent transactions include a Buca di Beppo restaurant in St. Paul, Minnesota for $4,880,000, Springhill shopping center in Vallejo, CA for $3,400,000, and Citibank in Citrus Heights, CA for $3,000,000.