Sale Summary: Our team represented both Buyer and Seller on this transaction. The Buyer was a local private investor, and the Seller was a manufacturing company. After the close of escrow, we helped the Seller complete a 1031 exchange into a nearby building that better fit their operation. Concurrently, we helped the Buyer secure a new tenant at a top of market lease rate.
Lease Summary: As soon as our investor client closed escrow on this property, we were tasked with finding him a tenant. Through our marketing reach, we quickly procured an out-of-state tenant with multiple locations throughout the country. We negotiated a favorable, triple net lease at a top of the market lease rate.