The property at 1102 Jackson Blvd. was sold by High Associates to YMZ, LLC, according to Matthew Wolf, vice president, CCIM of Kislak Co., who brokered the transaction.
Co-founder Jonathan Roth has had a longstanding working relationship with CalSTRS.
For the first half of this year, the average cap rate rose in nine out of the 11 net lease subsectors compared to the same period last year.
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