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Boston & New England  + New England  + Retail  |  November 1, 2022
Legacy Automotive Capital, LLC, has acquired 527 North Bennington Road in Bennington, VT for $10 million.
Lisa McDuffie
By: Lisa McDuffie

CBRE Arranges $10M Sale-Leaseback of Subaru Dealership Property in Bennington

Legacy Automotive Capital, LLC, has acquired 527 North Bennington Road in Bennington, VT in a $10 million structured corporate sale leaseback.

Legacy Automotive Capital, LLC acquired the 20,219-square-foot property that will continue to house Lundgren Subaru of Bennington through the leaseback portion of the transaction.

Karly Iacono of CBRE represented the property ownership, 527 North LLC and procured the buyer.

“As debt markets become more constrained, sale leaseback transactions are increasingly attractive tools to access maximum equity in real estate,” said Iacono. “This structured corporate sale leaseback allows Legacy Automotive to own a centrally located property with a long-term lease with attractive rent increases in place.”

Built in 2018, 527 North Bennington Road is situated in the heart of Bennington and houses one of the most profitable Subaru car dealerships and service centers in the area.

Read More News Stories About: CBRE
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Inside The Story

CBRE's Iacono

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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