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The $5.5-million sale for the 4,350-square-foot freestanding property features a 15-year triple-net lease with options to extend. The property was acquired by an affiliate of Bayrock Investment Co. of Charlotte, NC.
Recently formed net-lease REIT GreenAcreage Real Estate plans to provide capital to support sale-leaseback and build-to-suit transactions in the regulated cannabis industry.
Drone and autonomous delivery options may also enhance consumer experiences as customers visit stores to select items and have them delivered the same day, Cushman & Wakefield say in a new report.
The three-building Class A industrial property, located at 5801 and 6301 East 10th Ave., features a 978,164-square-foot distribution and light assembly warehouse (phase one) and two newly constructed state-of-the-art distribution buildings totaling 602,657 square feet (phase two).