Jiffy Lube Sale-Leaseback
Sold two Idaho Falls auto service assets individually to capture 1031 and local buyers.
Sale-Leaseback
A single operator running a 7-unit Jiffy Lube and a 9-unit Big O Tires business in Idaho Falls engaged Century Partners to sell two assets in a sale-leaseback transaction. Rather than bundle them, Century Partners marketed the properties individually to maximize value versus a portfolio sale.
One property sold to a California 1031 buyer and the other to a local buyer. The tenant is using the proceeds to fund future growth.
Century Partners typically realizes a basis point advantage when marketing multi-unit portfolios as individual properties, which makes it easier to capture 1031-exchange buyers.
Advisors
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