NLX was engaged to complete the client’s exchange out of a sale-leaseback of his industrial property. Of key importance was the fungibility of the replacement properties, as he has plans to reinvest back into industrial when his lease resets to market in a few years.

 

Through our network, we sourced an off-market portfolio of auto repair shops backed by a strong guarantor with over 1000+ locations throughout the US and growing. The lower price points on each property, coupled with the twenty (20) year, absolute triple net leases ensure maximum buyer-activity when our client decides to sell in a few years.

 

More importantly, NLX successfully negotiated attractive portfolio pricing such that the appraised value came in $1M higher than our contract price. NLX even brought in an attorney to close the transaction when the client’s own attorney was unavailable to assist.