LOS ANGELES—Grocery is the new “buzz word” for single-tenant investors, who are willing to take on the risk of a big box retail space for a grocery tenant, according to Chris Sands, the founder of Sands Investment Group, and Dan Hoogesteger, principal at Sands Investment Group. The firm recently sold four single-tenant grocery stores in two separate transactions that totaled $47 million, GlobeSt.com has learned exclusively. While the sales show the investor appetite for grocery-occupied single-tenant properties, they also show that sellers are recognizing the market conditions and taking advantage of the good timing. Read more
Archive for month: November, 2015
Santa Monica, CA, (November 19, 2015) –Sands Investment Group, (SIG), one of the fastest growing net lease firms in the nation, has announced the $18.5 million sale of an 81,000-square-foot triple net leased Food 4 Less.
Operators, franchisees and firms that own and occupy their real estate are recognizing the current opportunity and are choosing to structure long term leases and sell their underlying real estate. In particular, the long-term leases are highly desirable in today’s market due to certainty of occupancy and yield for the investor. Overall, the liquidity of these events allows companies to infuse capital back into their business, acquire smaller companies or expand into new locations.” -Chris Sands
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