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Deconstructing the Deal: Here Are All of LoopNet's 'Deals of the Month'

A Repository of Remarkable Commercial Real Estate Deals
Arkansas mansion in the Ozarks sells as an income-producing play for $2.6 million. (CoStar)
Arkansas mansion in the Ozarks sells as an income-producing play for $2.6 million. (CoStar)

After months or years of grinding through last-minute showings, granular market analysis and all other manners of hustling, one a deal goes down, the ink dries quickly.

It may be another line in the portfolio, or a heart-pounding leap celebrated by the pop of champagne. But whether routine or risky, every commercial real estate deal is worth debriefing — and here you’ll find an ongoing repository of case studies in all the noninstituional deals, month by month, that LoopNet editors have deemed worthy of a closer look.

Want to see a particular deal featured in this format? Email the editor at jbeeton[at]

Big Box in French-Speaking Maine Auctioned for $210K

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55,000-sqaure foot former Kmart in Madawaska, Maine. (CoStar)

Dec. 30, 2022 — Before succumbing to the idea that the 55,000-square-foot dark Kmart wasn’t worth more than a donation, brokers took it to the auction block. What came as a surprise was a swift bid that worked for all parties.

A Typical Multifamily Trade in The Top US Market

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3231 N Van Ness Blvd. in Fresno, California. (Realty Concepts)

Nov. 28, 2022 — The pool and the trendy neighborhood are nice attributes, but why pause on such a routine deal? Because it exemplifies exactly what draws investors to Fresno, California.

How a Group of Neurosurgeons Got Smart About Seller Financing

454 Satellite Blvd outside of Atlanta was purchased in 2022 for $3.2 million through an owner-financed deal. (CoStar)

Nov. 11, 2022 — A $3.2M, three-year interest-only loan from the building's owner is helping the doctors launch and grow their private practice.

Why a Dentist Is Sinking His Teeth Into a Real Estate Empire

Dentist Peter Boulden of Atlanta Dental Spa purchased 1st- and 2nd-floor spaces at 2556 Apple Valley Rd. (CoStar)

Oct. 21, 2022 — Peter Boulden of Atlanta Dental Spa extracted himself from a malocclusion of lease clauses this year to become an empowered owner-operator of his eighth commercial real estate property.

Dormant ‘Sleep Cheap’ Store Awakens to a New Day

155 Newark Ave, formerly a 'Sleep Cheap' was purchased in September 2022 for $4.75 million. (CoStar)

Oct. 11, 2022 — First envisioned as dense mid-rise apartments, then a "cannabis lounge," the $4.75 million property now eyes mixed-use redevelopment.

Miami Retail Sizzles With $1,111 Per Square Foot Sale of Former Bank

The former SunTrust Bank at 1655 Alton Rd. in Miami Beach, Miami, sold for $10 million in September 2022. (CoStar)

Sept. 23, 2022 — Comras Co.’s Senior Director, Irma Figueroa, explains how she positioned a former SunTrust Bank as a future Ace Hardware in a $10 million deal.

Journey Legend’s Nashville Recording Studio Sold to Music Nonprofit

The interior of the Addiction Sound music recording studio in Nashville. (Courtesy of Addiction Sound)

Sept. 9, 2022 — Rock & Roll Hall of Famer Jon Cain of rock band Journey sold his Addiction Sound studio for $4.2 million to a nonprofit with ties to the music industry.

12 Acres of Florida Waterfront Land Scores Development Buy

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Future site of Dania Preserve, at 4900 SW 31st Avenue. (CoStar)

Aug 22, 2022 — “It’s all about the land,” listing agent Erica Stowers of Florida Luxurious Properties said of the 12-acre, “in-town” lakefront parcel she helped sell last week to multifamily developer SobelCo for $3.7 million.

DC Pays $11 Million To Redevelop Gym Into Housing

The Balance Gym in Thomas Circle, D.C. (CoStar)

Aug 12, 2022 — The city may turn the property into housing, potentially for the homeless. The deal comes as market apartment rents have increased to near record highs.

$925K Nabs 1860s-Era Factory Destined for Adaptive Reuse

"Before" photo of 300 Southbridge. The main structure was built in 1866. (Dalfior Development)

July 29, 2022 — An industrial relic of the 19th century; a beloved, TV-famous diner and a reluctant community group meet a developer with a $4M vision for luxury lofts.

Fire Island’s 'Ice Palace' Ignites a $7.2M Sale

The Ice Palace Resort, a nightclub and hotel combo, is the largest such property on Fire Island. (CoStar)

July 22, 2022 — The exclusive New York isle's most legendary hotel and nightclub represents rare real estate; the broker on the deal says it's "a unique opportunity to own a historic piece of what's really another world."

Modified NNN Dollar Store in Rural South Fights for 7 Cap

A Family Dollar outside of Greensboro, North Carolina, sold for a 7% cap rate in July 2022. (CoStar)

July 15, 2022 — Negotiation with all parties was the name of the game for a broker helping an individual sell an inherited property to a healthy market with nuanced demands.

100-Year-Old Urban Warehouse Attracts $10M for Mixed-Use

The mixed-use Whitney keeps the facade of the Meyer Seed warehouse on its ground-floor retail space. (Chasen Cos.)

July 8, 2022 — A historic seed supply depot in Baltimore was ripe for redevelopment, but with a tough preservation process and a lot of moving parts, the repositioning wasn't exactly low-hanging fruit.

$2.6M Mansion in Ozarks Sells, Leases as ‘Dream’ Resort

Arkansas mansion in the Ozarks sells for $2.6 million. (CoStar)

July 1, 2022 — After 265 days, this luxury Arkansas residential estate sold as an income-producing property and now it’s nearly booked up for retreat rentals through the rest of the year.

Editor's note: Deal of the Week was revived in 2022 from a series started by CoStar reporter Richard Lawson in 2019. Below is the archive of past Deal of the Week coverage.

Restaurateur Buys Famous Fiddler's Nashville Properties
Oct. 17, 2019 — Popular Local Eatery Treehouse Comes With the Deal

Investor Pays Top Dollar for Starbucks Property
Oct. 10, 2019 — Strong Location that Took Years to Develop Drove the Sale

Investor Seals a Deal for Historic Envelope Magnate's Mansion
Oct. 3, 2019 — Converted to Office Space Decades Ago, the New Owner Now Needs a Tenant

What’s a Whataburger Worth? $1.75 Million for This One
Sept. 25, 2019 — Texas Investor Snaps Up a Location to Bring Home the Ownership

Retail Building in Trendy Area Attracts a Quick Buyer
Sept. 17, 2019 — Property Leased to Cycling Fitness Club Sells at List Price

Investor Finds a Sweet Deal in Small City's Downtown
Sept. 10, 2019 — Building Leased to Popular Candy and Pastry Shop Draws a Buyer

Developer Bets on Raleigh, North Carolina's Effort to Create a Big Public Park
Sept. 03, 2019 — Firm Buys Up Several Properties and Eyes More for Future Redevelopment

Coffee Roaster Finds a Gem in Auto Transmission Shop
Aug. 23, 2019 — Entrepreneur Buys Old Industrial Space to Convert

Investor Lands Small Town Retail Center at a Discount
Aug. 8, 2019 — Listed for $1 Million, the Fully Leased Property Fetched $123,000 Less

This Old Warehouse Could Become the Perfect Wedding Spot
Aug. 1, 2019 — Couple’s Monthslong Search Leads Them to a Small Town

Location Helps This Retail Property Fetch Full Asking Price
July 25, 2019 — Sports Bar Chain Co-Owned by NFL QB Drew Brees Taking Over a TGI Friday’s