SIG Completes $18.5 Million Sale of Food 4 Less

SIG Completes $18.5 Million Sale of Food 4 Less

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.

Chris Sands, founder, and Dan Hoogesteger, principal, of SIG represented the seller, Katella 111 Partners, LLC. The buyer was Safco Capital Corporation. The sale closed at a cap rate of 5.85 %. The Food 4 Less, located at 7910 Katella Avenue in Stanton, is situated in a dominant retail corridor in an extremely dense location with more than 230,000 people residing within three miles.

“The size of this asset, given the rent that the tenant is paying, created a marketing challenge for the team, as it is a very large big box tenant. That can create risk for the buyer if the tenant vacates. While Food 4 Less is a strong national grocery store chain, our team had to execute a laser-focused buyer profile strategy that ensured we found the right match,” said Hoogesteger. To that point, the seller had taken the property to market previously but was not able to locate the right buyer at that time.

“The fact that SIG focuses exclusively on net lease investments on a national basis provides us access to a much richer data pool of buyers that includes 1031, family office, institutional, among others. Not many groups have that depth of access and expertise,” said Sands.

Another advantage is that SIG is the only brokerage firm that focuses not only on net lease investments, but specific specializations within net lease. The firm has brokers that are designated experts in their product type whether that is banks, fast food or in this case, grocery, for example.

“Because our team specializes in grocery, we understand how to best position the property creating the largest marketing platform and ultimately locating the right buyer who was going to be comfortable with the location and square footage,” added Hoogesteger. “The buyer we located was confident with the recent investment made by Kroger, and was willing to move forward.”

The store was renovated in 2006 when Kroger moved its Food 4 Less brand into the space. The property benefits from a signalized location at Beach Blvd and Katella Ave and high profile location visible to 92,000 cars per day. Additional tenants located within the center include Bank of the West and McDonalds.

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 650 transactions worth more than $2.2 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, Atlanta, GA, and Austin, TX. Learn more at

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