SIG Handles Large Safeway Grocery Transaction, Closing Escrow Despite Fires in CA

SIG brokers handled the transaction for a large Safeway NNN lease in Santa Rosa, finding a new buyer quickly when nearby wildfires caused an existing deal in escrow to fall through.

Working with SIG brokers is the best way to leverage top listings, lending, and marketing efforts-and creative solutions in times of natural disaster. In this deal, lead SIG broker Dan Hoogesteger, along with co-broker Andrew Chana, were able to successfully find a new buyer for the large grocery property after California wildfires nearby caused an existing buyer to back out on the last day of their contingency. The second time around, the transaction was seamless, and escrow closed quickly.

Safeway – Santa Rosa, CA
Property Type: Grocery
Price: $26,500,000

Client Challenges

Nearby Wildfires Threatened the Property
Property Was in Escrow Only to Have it Cancelled on Day of Contingency Removal
Due to Being in Escrow, the Property Hadn’t Been Marketed in Months

SIG Strategies

Placed our Client’s Priorities First in Negotiations
Excellent Marketing Strategies
Creative Solutions to Sell the Portfolio Near Asking Price, with an Easy Escrow Despite Natural Disasters
Review and Assist with Title, Survey, and Environmental Hurdles

Why SIG

Over $4,500,000,000 in Closed Transactions
Over $700,000,000 in Active Inventory
Over 1,900 Transactions in 48 States
Focused on Creative Marketing
Net Lease Industry Leader

SIG Awards

Real Estate Forum Influencers in Net Lease 2019
SC25 Fastest Growing Companies, 2017 & 2018
Real Estate Forum Names SIG to Its List of Commercial Real Estate’s Fastest-Growing Companies, 2016 & 2015
CoStar Power Broker Top Firm Awards, 2017 & 2016

Interested in acquiring a large grocery portfolio for consistent returns in your investment portfolio? SIG handles new loans on locations for clients who are seeking to expand their portfolio and acquire NNN properties in the sought-after grocery niche. When the goal is growing an investment portfolio with specific properties, you can’t trust a typical real estate agency to walk you through the process. SIG is a commercial real estate brokerage firm with a wealth of experience helping clients find, secure, and purchase properties to round out their investment portfolio.