1031 Exchange from Los Angeles Apartments | Industrial to Investment-Grade Credit Net Lease

Client Profile:

Investor sold apartment units and industrial building in Los Angeles and acquired Absolute NNN, single-tenant property portfolio.

Strategy:

Source and acquire a geographically diverse portfolio of absolute triple net leased single-tenant properties secured by investment-grade, credit tenancy.

Outcome:

  • Sourced a single-tenant Autozone in affluent Newbury Park, CA on an off-market basis and successfully restructured a long-term lease extension with the tenant prior to closing.
  • Sourced a single-tenant Del Taco in Allen Park, Michigan, and closed on the transaction prior to the tenant opening for business.
  • Procured long-term fixed-rate, non-recourse debt from life insurance companies for both transactions.

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Sourced a $35 Million Development Credit Facility for a Rapidly Expanding Car Wash Operator in the Southeastern United States

Outcome:

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Generational Asset in Los Angeles Sold | Proceeds Used to Purchase Three Wendy’s in Three States

Outcome:

  • Client now owns three single-tenant Wendy’s properties located in three different states, each with 20-year lease terms instead of the 5-year term of their previous property. Additionally, the client was able to increase their cash flow. 

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