SOLD
Vault Equity Capital Acquires Aaron's Retail Portfolio In Texas, Michigan, Florida, And Virginia
Retail
Sold 100 days ago
Summary
Sale
NATIONAL
Retail
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.
Players
All
7
Agents
6
Agencies
1
Details
SOLD
IMAGE: Geoff Linden, Alan Lipsky, Barry Wolfe, Brian Hosey, Ryan Nee, Steve Chaben & Tim Speck
DATE: 01/22/2024
ADDRESS: Retail Portfolio
MARKET: Texas & Michigan, Florida & Virginia
ASSET TYPE: Retail
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 (@MarcusMillichapinc)
SALE PRICE: $9,548,381
NOTE: Marcus & Millichap has completed the sale-leaseback of a five-property Aaron’s portfolio for $9,548,381. The deal, closed before year-end, involved seven offers and efficient collaboration with Aaron’s for a seamless closure in Q4 2023.View on map
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