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2016 Sees 50% of CA Total Retail Sale Volume in Single-Tenant Net Lease

SAN DIEGO—The 2016 edition of ICSC's big Western Conference and deal making event is gearing up at the end of August and GlobeSt.com chats with Stan Johnson's Sam Alison on the growing west coast net lease market.

By Natalie Dolce | nataliedolce | | Updated on August 24, 2016
Sam Alison, regional director of the west for Stan Johnson Co. Sam Alison, regional director of the west for Stan Johnson Co.
SAN DIEGO—According to Sam Alison , regional director of the west for Stan Johnson Co. , so far in 2016, 50% of the total retail sale volume in California was single-tenant net lease sales. Stan Johnson research just compiled a report of retail investment sales in the West Region through the first half of 2016. In California, their report showed that sales of retail properties totaled $4.4 billion through June 2016, of which $2.2 billion was from sales of single-tenant net lease retail properties. We recently chatted with Alison in preparation for the upcoming ICSC Western conference and deal making event, which will be held here next week. He points out that “rather than a niche, net lease is the largest market for retail property sales in California and throughout the West Region.” And the growing trend, he says, “is driven by private investors selling multifamily and multi-tenant commercial properties and trading into net lease.” Net lease provides the benefits of direct ownership of real estate, with limited or on management responsibilities, he continues. “We see this trend continuing through the foreseeable future.” Check back with GlobeSt.com next week for our coverage from the event.

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