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Divaris Sells Jiffy Lube Property for $1 million

Rockville, Md. — Divaris Real Estate has announced the sale of a net-leased Jiffy Lube on East Joppa Road in Parkville, Md. The 1,936-sq.-ft. building was purchased for $1,065,000 with a cap rate of 10%. Divaris handled the sale on behalf of but the buyer, Jiffy Joppa, and the seller, DLS Exchange Corp.

Divaris Real Estate is a member of Realty Resources, a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S. DRE is also the Virginia affiliate for The CORE Network, a national group of office and industrial brokers with affiliates throughout the U.S., Canada, Mexico, Asia and Europe.

© 2014