In the first quarter of 2022, I had the opportunity to acquire the Heritage Wholesalers facility located in Plymouth, MA. Heritage Wholesalers is a wholly-owned subsidiary of SRS Distribution.
I recently had the opportunity to acquire a Firestone Complete Auto Care asset located in Haledon, NJ from a group of private investors based on the east coast.
On Wednesday, March 16, the US Federal Reserve approved an interest rate increase of 0.25 percentage points, the first hike since December 2018. The Fed expects to raise rates at each of their six remaining meetings in 2022 with a consensus target rate of 1.9% by year’s end.
In December 2021 I had the opportunity to acquire an Applebee’s asset located in Lexington, KY from a private investor based in Orlando, FL. The entire acquisition took a total of 60 days from executed LOI to close, putting this among the quickest acquisitions in our organization’s history.
In September of 2021, I had the opportunity to work with Cory Barrett (Barrett Family Trust) on our acquisition of the DaVita Dialysis facility located in Cheltenham, PA.
In October of 2021, I had the opportunity to quarterback the acquisition of a NN-leased CVS asset in Mahopac, NY. We worked directly with the seller, a NY-based family.
In August of 2021, I had the opportunity to work with Bill Pedersen and Brandon Perez of Matthews Real Estate Investment Services on the purchase of a NN-leased Walgreens asset in Monticello, NY.
In April of 2021, I had the pleasure of acquiring the Firestone Complete Auto Care property in Odessa, TX.
Once you’ve accepted an offer and completed on the LOI process with Ocean Block Capital for the sale of your net-lease property, several bureaucratic tasks need to be closed before we’re able to finalize the deal and completed on the transaction.
Ocean Block Capital focuses on net-lease commercial properties for its investment. Our focus consists of retail, restaurant and QSR, medical, and industrial net-lease—both within the single and multi tenant asset classes.
