Vault Equity Capital Acquires Aaron's Retail Portfolio In Texas, Michigan, Florida, And Virginia

$9,548,381

Building Size

—

Asset Type

Retail

Closing

Jan 22, 2024

AI

The retail portfolio in Texas, Michigan, Florida, and Virginia has been sold in a transaction brokered by Marcus & Millichap. The portfolio, consisting of five properties, was purchased by Geoff Linden of Vault Equity Capital LLC for a total sale price of $9,548,381. The properties involved in this deal were part of a sale-leaseback arrangement with Aaron's LLC.

Summary of transaction details

Property Type: Retail
Transaction Amount: $9,548,381
Buyer: Geoff Linden - Vault Equity Capital LLC
Seller: Aaron's LLC
Brokers: Alan Lipsky, Barry Wolfe, Brian Hosey, Ryan Nee, Steve Chaben & Tim Speck - Marcus & Millichap

The sale-leaseback of the Aaron's portfolio involved efficient collaboration with Aaron's, resulting in a seamless closure in Q4 2023. The transaction attracted seven offers, demonstrating the demand and interest in the retail properties.

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