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News Release: $8,300,000 – Medical Office Portfolio – Just Closed

JUST CLOSED 

American Addiction Center Portfolio | $8,300,000 | ISG

2975 S. Rainbow Boulevard + 8 Residential Rehab Facilities

The Investment Services Group at Sun Commercial Real Estate is proud to announce the closing of a Single Tenant Absolute Triple Net Leased Portfolio.

The Investment Services Group at Sun Commercial Real Estate is proud to announce the closing of a Single Tenant Absolute Triple Net Leased Portfolio which includes One (1) Class B Office Building (38,784 SF) and Eight (8) Residential Rehabilitation Facilities (30,389 SF). This portfolio is fully guaranteed by the national credit tenant American Addition Centers [NYSE: AAC]. The portfolio sold for $8,300,000 – $120 PSF.

Closing Highlights:

  • Represented the Seller who is a $6B Institutional Real Estate Investment Trust (REIT)
  • Thorough due diligence uncovered $2,200,000 of Capital Expenditures the Tenant was contracted to invest demonstrating their commitment to the sites and solidified the deal
  • Sun Commercial Real Estate In-House Agent Sourced Buyer

The Investment Services Group has already closed a record of over $125+ million of investment sales across the western US in 2018

“For the disposition of our medical rehabilitation portfolio in Las Vegas, we selected an experienced brokerage team that we had worked with in the past.  The Investment Services Group at Sun Commercial Real Estate was that team.  They brought us multiple offers and faced every challenge head on to ensure a successful closing. We look forward to working with ISG again on a future disposition.” – Rob Rierson – Managing Director – STORE Capital   

Investment Services Group

Cathy Jones, CPA, SIOR, CCIM

CEO

702-968-7320

CathyJ@suncommercialre.com

 

 

Jessica Cegavske

Vice President

702-968-7321

JessicaC@suncommercialre.com

 

Roy Fritz

Senior Vice President

702-968-7322

RoyF@suncommercialre.com

Paul Miachika

Executive Vice President

602-814-0661

PaulM@suncommercialre.com

Taylor Vasquez

Associate

702-968-7316

TaylorV@suncommercialre.com

Exclusively listed and sold by the Investment Services Group of Sun Commercial Real Estate, Inc.

www.suncommercialre.com

Phone: 702 | 968 | 7300

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