April-May 2020
Recently Sold – CVS Zero-Cash-Flow Portfolio Transactions
Thomas Company is pleased to announce the sale of two CVS zero-cash-flow portfolio transactions, sold to the same purchaser. The first transaction included 7 triple net lease properties, totaling +/- 93,400 SF, and closed in April 2020. The second transaction included 6 triple net lease properties, totaling +/- 75,000 SF, and closed in May 2020. Each of the assets has a 25-year lease and in-place assumable mortgage that fully amortizes coterminously with the lease. Each of the leases are structured as bondable triple-net (NNN), with no landlord responsibilities whatsoever. The purchaser was a real estate developer who was attracted to the unique tax benefits of the investment structure and the passive losses generated by the investments.
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Recently Sold – Riddell Manufacturing and Distribution Facility
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Recently Sold – DIRECTV Data Center Portfolio
Thomas Company is pleased to announce the successful sale of two DIRECTV data center uplink and broadcasting facilities, strategically located in Englewood, Colorado (Denver MSA) and Bakersfield, California.