RJ Vann Mechanical, whose principals formed Apex, plans to occupy both properties on a long-term lease. The 27-year-old, privately held company sold the facility and land and is leasing both properties back. The company uses the vacant land for storage of its materials.
Paul A. Sands of Grubb & Ellis|VIP, who negotiated the transaction, says Value Vehicles LLC is using the purchase as an investment property. "They're a strong investment client of ours," he says. "They're constantly acquiring properties."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
