California Buyers Look North for Higher Returns

The single-tenant net-lease asset investor was an all-cash Southern California-based 1031-exchange buyer that owns several At Home locations as well as other commercial real estate in the Spokane trade area.

At Home

SPOKANE, WA—California would-be homebuyers have streamed into Oregon and Washington for some time now. Investors are now following suit with increasing volume.

A single-tenant net-lease property occupied by a newly opened At Home recently sold for $10.24 million. The buyer was a private investment group from Beverly Hills, CA.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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