Jan
14
STORE Capital Buys AZ, CA Assets for $21M
ByThe two properties sold by Erickson Construction feature railroad spurs and are located near major thoroughfares. The transaction involved a lease contract for STORE Capital.
Marcus & Millichap has arranged the sale and leaseback of a two-property industrial portfolio, with the assets located in Roseville, Calif. and Chandler, Ariz. STORE Capital Corp. acquired the properties from Erickson Construction for $21 million.
The properties are a 56,000-square-foot lumber yard and industrial building at 8350 Industrial Ave. in Roseville and a 79,000-square-foot manufacturing facility, which served as Erickson’s corporate headquarters, at 250 N. Beck Ave. in Chandler…
