SIG Completes $15.7 M Sale of Single Tenant Building

Los Angeles, CA (May 13, 2015) – Sands Investment Group (SIG), the nation’s fastest growing net lease company, has announced the sale of a 31,242-square-foot single tenant building occupied by Stock Building Supply Holdings, Inc. (Nasdaq:STCK), a large, diversified lumber and building materials distributor and solutions provider.

Recognized as the builder’s West Coast flagship location, the building is located at 3860 Grand View Blvd in Los Angeles, an affluent region located in the heart of Santa Monica, Culver City and Venice Beach residential communities.

Chris Sands, founder, Sands Investment Group, represented the seller, Stock Building Supply, in the all cash $15.7 million absolute net lease transaction completed at a 5.75 cap, to a California-based private investor. “This transaction involved a highly creative sales strategy but also demanded a solid business strategy for the tenant,” noted Sands.

Stock Building Supply had occupied the building for more than 20 years when the landlord announced plans in late 2014 to sell the property. SIG was engaged by Stock to conduct a thorough analysis of the situation, understanding that they had a first right of refusal. After a six-month review, it was determined that the best strategy was to purchase the building and immediately restructure the lease into a 15-year term.

SIG then put the property back on the market, targeting local and national investors who would be attracted to the quality credit tenant and long-term lease. The deal attracted immediately interest and eleven offers were generated in the first week of marketing. “In the end, we provided Stock Building Supply with security in their destiny, by ensuring they could remain in their existing high- profile location and matching them with the right buyer – all in less than 60 days,” said Sands.

The transaction also highlights the demand from investors for quality investment properties. “There are limited alternatives for investors right now. The buyer recognized the cost-opportunity of having his money sitting idle in the bank on a daily basis versus owning this asset,” Sands noted. “Access to buyers, marketing knowledge, and the ability to provide a true advisory role are critical today to successfully make markets and move deals into a win-win for all parties.”

About Sands Investment Group: Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of net lease properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 625 transactions worth more than $2.1 Billion in 45 states.  Advisors with the company currently have over $300 million in active inventory. As the first boutique firm to offer a national listing platform while providing the proven track record of a large firm, Sands Investment Group has become one of the nation’s fastest growing net lease companies in the US. As a leader in the industry and the only to offer product-type specialization, the firm’s experience in net lease, retail, office and industrial transactions is unparalleled. Sands Investment Group has offices in Santa Monica, CA, Charleston, SC, Philadelphia, PA, Atlanta, GA, Austin, TX and Indianapolis, IN. Learn more at www.signnn.com.