2300 Polvorosa Ave
Liquidity for the owner. Continuity for the operator.
Negotiated a brand-new NNN lease alongside the sale itself, so the asset hit the market already stabilized rather than as a vacant building searching for a tenant.
Positioned the offering around a 30-year operator on a fresh lease — a stabilized income story instead of an empty-building pitch.
The building covers roughly half the lot — we marketed that excess yard directly to the buyer as future value, not as wasted land.
Closed on the economics originally negotiated despite pandemic-era market disruption, protecting the deal for both sides through to close.
Deal specifics
Why sale-leaseback was the right structure
After three decades operating from the same building, the ownership group needed liquidity out of the real estate — but moving the business was never on the table. A straight vacant-building sale would have meant relocating operations and marketing an empty warehouse into a slower buyer pool.
Structuring the sale and the new NNN lease at the same time solved both problems at once: the seller kept operating uninterrupted, and the buyer bought a stabilized, 100%-leased asset with a national-scale tenant already in place — the exact profile investment capital competes hardest for.
Recent sales from the same team.
See what a targeted campaign and a real best-and-final process could do for your property.
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jida@lee-associates.com
Brendan Gallagher — (760) 846-1736
242 California St, San Francisco, CA 94111