November 20, 2015
Sands Investment Group (SIG) has brokered the $18.5-million sale of a Food 4 Less grocery store in Stanton.
The seller was Katella 111 Partners, while Safco Capital Corp. purchased the 81,000 square foot property. The triple-net-lease deal traded at a 5.85-percent capitalization rate, showing the strength of the asset’s location and demand for properties that are supermarket helmed.
Dan Hoogesteger, a principal at SIG, said the property had previously been brought to market with no takers, so the deal shows the determination Safco had in wanting the right property for its investment.
Santa Monica-based SIG has closed $2.2 billion in net-leased transactions since its founding in 2010.