SOLD
Palenque Group Sells 9-Property QSR Portfolio In McAllen, Laredo, & Mission For $29M
9-Property QSR Portfolio
Retail
Sold 1 year ago
Summary
Sale
TEXAS
Retail
A portfolio of 9 quick service restaurants in South Texas has been sold in a sale-leaseback transaction for $29 million. The properties, located in McAllen, Laredo, and Mission, were part of a retail asset type. The sale was facilitated by Stream Capital Partners, with Chelsea Mandel acting as the broker representative.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $29,000,000
- Units: 9
- Price per Unit: $3,222,222
Chelsea Mandel, from Stream Capital Partners, played a vital role in the sale of the 9-property QSR portfolio in South Texas. The seller, Palenque Group, entrusted their assets to Mandel, who successfully negotiated the sale for a total of $29 million.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Chelsea Mandel
DATE: 04/29/2021
ADDRESS: 9-Property QSR Portfolio
MARKET: McAllen, Laredo, & Mission
ASSET TYPE: Retail
SELLER: Palenque Group
BROKER: Chelsea Mandel (@ChelseaMandel) - Stream Capital Partners
SALE PRICE: $29,000,000
UNITS: 9 ~ PPU: 3,222,222
NOTE: Sale leaseback of 9 quick service restaurants in South Texas, sold for $29 million by STREAM Capital PartnersView on map
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