Net lease

SRS Real Estate Negotiates $94 Million Sale of Seven EoS Fitness-Occupied Properties in Arizona, Florida

by Hayden Spiess August 16, 2023

Arizona and Florida —SRS Real Estate Partners has arranged the $94 million sale of seven single-tenant EoS Fitness properties in Arizona and Florida. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, Barclay Group, in the transaction. A publicly traded REIT acquired the properties. Tyler McRae of SRS, along with Echelon Realty Advisors, was responsible for leasing the assets on behalf of EoS Fitness. The portfolio includes two properties in Mesa, Arizona, comprising 57,803 and 51,716 square feet, as well as properties in Tempe, Scottsdale and Queens Creek, …

August 16, 2023

Georgia Investment sales Net lease News

Marcus & Millichap Arranges Sale of 29,977-Square-Foot Property in Albany, Georgia

by Hayden Spiess August 16, 2023

Albany, Ga. — Marcus & Millichap has arranged the $2.3 million sale of a 29,977-square-foot property located in Albany. Office Depot occupies 19,181 square feet of the building, which was constructed in 1997, on a net-lease basis. Mitch Grant and Nicholas Kanich of Marcus & Millichap brokered the transaction on behalf of the seller, an undisclosed private investor. Robby Pfeiffer of Marcus & Millichap secured and represented the buyer, a limited liability company.

August 16, 2023

California Investment sales Net lease News

Hanley Brokers $5 Million Sale of Chipotle-Leased Property in Sacramento, California

by Hayden Spiess August 15, 2023

Sacramento, Calif. — Hanley Investment Group has brokered the $5 million sale of a single-tenant property located in Sacramento. Chipotle Mexican Grill occupies the 2,347-square-foot building, which is situated within The Quad District, a new mixed-use development, on a triple-net lease. Bill Asher and Jeff Lefko represented the developer and seller, Chase Partners LTD. KDC constructed the property, which was designed by Vermeltfoort Architects. A California-based buyer purchased the property.

August 15, 2023

Investment sales Net lease New York News

Marcus & Millichap Brokers $6.6 Million Sale of Staten Island Retail Property

by Katie Sloan August 14, 2023

New York City — Marcus & Millichap has brokered the $6.6 million sale of a 17,734-square-foot retail property on Staten Island that is net leased to Pep Boys. The automotive parts retailer has occupied the space at 1941 Forest Ave. for more than 15 years, and the property can support about 30,000 square feet of new development. Scott Plasky of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

August 14, 2023

California Investment sales Net lease News

CBRE Arranges $6.8 Million Sale of Rite Aid-Leased Building in Banning, California

by Hayden Spiess August 11, 2023

Banning, Calif. — CBRE has brokered the $6.8 million sale of a retail building located in Banning. A local private investor acquired the property from another private investor. David McNevin, Melissa Ley Marshall and Ian Schroeder of CBRE represented the seller in the transaction. Rite Aid occupies the 17,272-square-foot property, which was built in 2009, on a double-net lease.

August 11, 2023

Investment sales Net lease New York News

Boulder Group Arranges $5 Million Sale of Single-Tenant Property Leased to 7-Eleven in New York

by Hayden Spiess August 11, 2023

Haverstraw, N.Y. — The Boulder Group has arranged the $5 million sale of a 3,034-square-foot retail property in Haverstraw that is net leased to 7-Eleven. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a regional developer, in the transaction. The buyer was a New York-based private investor that acquired the asset via a 1031 exchange.

August 11, 2023

California Investment sales Net lease News

SRS Brokers $4.3 Million Sale of Single-Tenant Property in Long Beach, California

by Hayden Spiess July 27, 2023

Long Beach, Calif. — SRS Real Estate Partners’ National Net Lease Group has brokered the $4.3 million sale of a single-tenant property located in Long Beach. Vans occupies the 3,749-square-foot building, which was built in 1926, on a triple-net-lease basis. Chris Tramontano and John Redfield of SRS represented the seller. Nathan Holthouser of Coastal Commercial Inc. represented the buyer.

July 27, 2023

Investment sales Net lease New Mexico News Restaurants

Hanley Brokers Sale of 3,331-Square-Foot Single-Tenant Property in Albuquerque, New Mexico

by Hayden Spiess July 11, 2023

Albuquerque, N.M. — Hanley Investment Group Real Estate Advisors has arranged the sale of a 3,331-square-foot single-tenant retail property located in Albuquerque. Raising Cane’s Chicken Fingers occupies the building on a 15-year, triple-net lease. Bill Asher, Jeff Lefko and Jeremy McChesney of Hanley represented the seller and developer, TradeCor LLC, in the transaction, in association with ParaSell Inc. Greg Swedelson and Jon-Eric Greene of SSG Realty Partners represented the buyer, an undisclosed private investor.

July 11, 2023

Investment sales Net lease New Jersey News

Pegasus Arranges $55 Million Acquisition of Single-Tenant Property in New Jersey

by Hayden Spiess July 5, 2023

Linden, N.J. — Pegasus Investments Real Estate Advisory Inc. and Pegasus Capital Markets Inc. have arranged the $55 million acquisition of a 186,000-square-foot single-tenant retail property located in Linden. Walmart Supercenter fully occupies the property, which is situated on 14 acres, with a 20-year triple net lease. Pegasus represented the buyer, a partnership of investors, in the transaction and secured acquisition financing. Mark Keener and Adam Block of Gallagher Evelius & Jones LLP served as counsel for the buyer. SRS National Net Lease Group represented the seller, a joint venture between …

July 5, 2023

Investment sales Net lease New York News

JRW Realty Brokers Acquisition of 102,062-Square-Foot Single-Tenant Property in Niagara Falls, New York

by Hayden Spiess June 28, 2023

Niagara Falls, N.Y. — JRW Realty has brokered the acquisition of a 102,062-square-foot single-tenant supermarket property located in Niagara Falls. Tops occupies the building on a net-lease basis. Melinda Marston of JRW represented the undisclosed buyer in the transaction. Chris Bosworth of CBRE represented the undisclosed seller.

June 28, 2023

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