Firestone - Buckeye, Arizona
Sales Price: $3,125,000
Cap Rate: 5.00%
Guarantor: Investment Grade Credit (A)
Term Remaining: 14 years
Rate Increases: 8.5% x 5 years
With an existing vacancy and another unit paying a below market rent due to rent control, ownership was ready to trade out of their San Francisco apartment building in favor of a passive investment that could provide a consistent and reliable income stream. NLX sourced a property guaranteed by an investment grade credit tenant in an attractive location. Our clients were so excited about the deal, their son also contributed 10% to become part-owner of the family's new Arizona investment.
"Thank you, thank you, thank you! We’re thrilled that we made it to this side of the transaction!" - Ben
- Property Type
Retail
- Total Acres
0.14
- Last updated
Aug 30, 2023
- Property ID
2184847
