STREAM Executes $2.05 Million Sale Leaseback of Industrial Property in El Paso, TX
CHICAGO, IL – July 15, 2019 – STREAM Capital Partners, LLC (“STREAM”), a national net lease and sale- leaseback advisory group, recently represented the seller in the $2,050,000 sale and leaseback of the 34,000 SF B&M Machinery property in El Paso, Texas. B&M Machinery was recently acquired by Bluejack Partners, an operational-focused private equity group based in Houston, Texas. Jonathan Wolfe and Jordan Shtulman led the transaction for STREAM.
Said Wolfe of the transaction, “The sale price and cap rate reflected the strength of the El Paso industrial market, which currently has record low vacancy. The transaction allowed the seller to monetize the real estate and keep more working capital in the business, which is growing and adding new customers. The buyer, an individual based in Dallas, was able to get a long-term net leased property with a growing tenant in a very good industrial submarket.”
Shtulman added to this that “STREAM continues to be a market leader in executing sale leaseback transactions for middle market companies and we expect this trend to continue as more companies seek to extract value from their real estate to put back into their businesses.”
Please contact broker, Jonathan Wolfe, for further details on this transaction.