CHICAGO, IL – May 8, 2020 – STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, has arranged the sale and leaseback of two refrigerated, food-production facilities in San Antonio, Texas. The properties total 115,000 square feet.
The facilities are occupied by Kiolbassa Smoked Meats. Founded in 1949, the company is a family-owned manufacturer of handcrafted sausage based in San Antonio, Texas. President Michael Kiolbassa and his family take pride in their authentic meats crafted the old-fashioned, Texas way. The company is experiencing tremendous growth with its products sold in all 50 states as well as Mexico and Puerto Rico.
Chelsea Mandel of STREAM Capital Partners represented the seller in the transaction.
Mandel said of the transaction, “This was a great outcome for my client who will use the proceeds to prepare for continued growth of the family business. And the buyer is adding to its portfolio two freezer/cooler facilities leased on a long-term basis to a best-in-class food tenant. It’s a win-win.” Mandel expects to see continued robust activity for food-related sale leasebacks given strong investor demand for this asset class.
Please contact broker, Chelsea Mandel, for further details on this transaction.