Machine Investment Group Buys 8-Property Jiffy Lube Portfolio

The properties totals 38,360 square feet and are located in the San Francisco Bay Area.

Machine Investment Group has acquired an 8-Property Jiffy Lube portfolio in the San Francisco Bay Area. The portfolio totals 38,360 square feet and it 100% occupied by Jiffy Lube International under triple-net leases.

The purchase illustrated increased investment interest in auto parts, servicing and collision real estate, which are seen as ecommerce resistant. According to Randy Blankstein, president of The Boulder Group, the asset class performed well during the pandemic in 2020, and competition is heating up among collision centers as companies, like Caliber Collision are in expansion mode as they look to steal market share from local operators. Investor interest is driven by the fact that many don’t have a foothold in the auto sector with tenants like Jiffy Lube and Valvoline, companies that are in expansion mode. As a result, investors are increasing exposure to the market.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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