Tenant: Stock Building Supply
Premises: 31242 SF
Renewal Options: 3 x 5 Year
Lease Expiration: 2030
Lease Type: NNN
Rental Increases: 1.5% Annually
Single Tenant, Absolute Net Lease with Corporate Guaranty | Highly Desirable, In-Fill West Los Angeles Market | Centrally Located in the Heart of Santa Monica, Culver City & Venice Beach Residential Communities | Situated 600 Feet from Signalized Intersection at Venice Blvd | Affluent Demographic with 280,709 Residents in 3-Mile Radius with Household Income of $91,806 | Stock Building Supply (NASDAQ: STCK) is a Publicly Traded Company | Stock Building Supply has Over $1.197B in Revenues | Location is Stratgeic, Long Term Commitment
Stock Building Supply is a leading building materials and solutions company for professional homebuilders and contractors in the United States. We are
committed to providing an exceptional customer experience for builders and contractors who are engaged in single and multi-family residential, repair and
remodel, and light commercial construction. As a leading building materials and solutions company, we have learned a great deal about creating and
sustaining customer relationships. We serve many markets throughout the United States and leverage our national presence to offer the products that
homeowners demand, delivered with our “customer-focused, associate driven” spirit. We appreciate your partnering with us.
Stock was founded as Carolina Builders Corporation (CBC) in Raleigh, North Carolina, in 1922. Carolina Holdings, Inc., was formed in 1993 as the holding
company for CBC and its acquired properties, which soon generated over $1 billion in annual revenues and held the first coast-to-coast footprint in the
industry. The name was changed to Stock in 2003 to reflect this national presence. In May 2009, The Gores Group, LLC, a private equity firm focused on
acquiring controlling interests in mature and growing businesses purchased a majority ownership of Stock, which now benefits from the firm’s operating
experience and flexible capital. Because of Gores’ business and financial acumen, Stock is now a stronger, leaner, more focused and innovative corporation
with strategic locations throughout the United States.
Effective August 9, 2013, Stock now trades on the NASDAQ stock exchange under the ticker symbol “STCK”. Through its various operating subsidiaries,
Stock Building Supply operates 65 locations in 13 states. In addition to its core residential building materials business operating under the Stock name,
certain Stock subsidiaries also operate under the Coleman Floor, Smoot Lumber and Bison brands in selected markets. >/p>
