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Wellsville Shopping Center sold for $4 million

Klosed Properties announced the acquisition of Wellsville Shopping Center, located at 400 Bolivar Road, Wellsville, NY. The property consists of 90,000 s/f, and fully-occupied by strong credit tenants. Some of the core tenants include Save-A-Lot, Tractor Supply, McDonald’s, Family Dollar, AutoZone, etc. Jacob Namdar, Senior Director of Acquisitions said it is a long-term hold and tenants are paying rents below $7 psf. Klosed is aggressively looking for additional value-add properties. Klosed Properties is a vertically integrated, privately owned commercial real estate company headquartered in the New York metro area.
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